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Amazon & SpaceX’s New Home Internet Services Will Reportedly Save Americans $30+ Billion Annually

This year we learned that Amazon was working on launching a home Internet service by launching satellites into low earth orbit. Recently SpaceX received FCC approval to do the same, offering their own home Internet service.

Now, according to a study from BroadbandNow, these new services will drive down the cost of home Internet. This savings could add up to as much as $30 billion every year. This happens because markets with more than two Internet providers charge less for home Internet, according to BroadbandNow.

SpaceX just received approval from the FCC to launch 4,425 satellites into space to build a low earth orbit network to sell home Internet.

Unlike current satellite Internet, these satellites will be in a far lower orbit and offer far faster speeds without the data caps current satellite systems use.

The goal is that this new system will offer robust high-speed Internet, especially in developing countries and rural parts of developed nations like the United States. While you may not be running out to buy this if you have fiber Internet, it could bring true wireless Internet options to Americans who currently have no real options.

Amazon is planning to launch 3,236 satellites to build a network, providing global high-speed Internet. Unlike current satellite Internet, these devices will be in a far lower orbit and offer faster speeds than current satellite systems.

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