The race to develop satellite internet includes some pretty big players like SpaceX, Amazon, Softbank and Facebook. However, Facebook has now essentially thrown in the towel in that business, selling its internet satellite team to Amazon, The Information has reported. From a report: For Amazon, it’s a significant step in its effort to develop its Project Kuiper satellite network and catch up with SpaceX’s Starlink broadband constellation. Like Starlink, Project Kuiper is designed to provide low-latency, high-speed broadband connectivity to users around the world. Amazon aims to have a 3,236-satellite constellation in orbit by 2029, with half of it launched by 2026. It also plans to build 12 ground stations around the world to transmit data to and from the satellites.