Amazon has signed a deal with SpaceX for three Falcon 9 rocket launches to deploy Amazon's Project Kuiper satellites

The agreement comes as both companies compete in the low-Earth orbit satellite constellation market to provide broadband internet coverage.

SpaceX’s Starlink has approximately 5,000 satellites in orbit, while Amazon’s Project Kuiper recently launched its first two test satellites.

This partnership could impact the competition in the satellite broadband industry and future revenue growth for both companies.