Recently, Amazon chief Jeff Bezos’ Blue Origin pulled back the curtain on its space intentions by announcing Project Kuiper, a 3,236-satellite constellation.
These low Earth orbit ventures have the potential to dramatically shift the broadband internet market and save consumers $10s-of-billions of their own.
My colleagues and I have analyzed US market pricing data which suggests that the technology could save Americans more than $30 billion per year.
LEO satellites promise to bring low-latency broadband internet to millions of Americans.
The arrival of this technology is likely to drive down monthly internet prices for hundreds-of-millions of Americans.
Extrapolating this additional competitor across all US households, the introduction of LEO satellite internet could save Americans over $30 billion.
The remainder of Americans with four or more providers could save an additional $4 billion, pushing the savings to $18 billion. »