Jeff Bezos is facing a $20 billion challenge as his SpaceX venture Project Kuiper hits delays due to President-elect Donald Trump’s administration. The Amazon founder is expected to meet with the new administration next week, where he may need a waiver from the Federal Communications Commission (FCC) to stay on track. Originally slated for beta customers in 2022, Project Kuiper’s launch has been pushed back to 2025 due to delays. This move puts Bezos’ SpaceX venture at odds with fellow billionaire Elon Musk’s dominant Starlink satellite internet service.
Source: https://www.bloomberg.com/news/articles/2024-12-13/trump-bezos-to-meet-with-amazon-s-kuiper-business-facing-delays