Amazon is expanding its empire and Morgan Stanley believes Bezos' ambitious satellite internet plan could become very lucrative.
Project Kuiper
, Amazon aims to launch a network of 3,236 small satellites to create an interconnected network that beams high speed internet to anywhere on Earth. While Amazon has yet to outline a timeline or cost for Project Kuiper, in a note on Monday to investors Morgan Stanley analyst Adam Jonas highlighted the network's potential.
Jonas said Project Kuiper represents as much as a "$100 billion opportunity," marking it as a play in the consumer broadband sector of the space economy. Morgan Stanley's estimate is based on its expectation that the space economy will grow to more than $1 trillion over the next 20 years.
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