Google Spinoff Targets Musk Starlink Service But Is Amazon’s Kuiper Only Real Threat?
The global broadband internet landscape may well have a new entrant market some day in Taara, spun off this month by Google-parent Alphabet (GOOGL). But Elon Musk’s satellite service Starlink, part of SpaceX, holds a big lead as Taara seeks funding, Amazon.com (AMZN) ramps up its Kuiper satellite service and Europe’s Eutelsat aims to benefit from geopolitical events.
Alphabet is spinning out Taara, which has developed laser-based internet broadband technology, as part of its new strategy to commercialize research projects known as “Moonshots.” While some of Google’s research projects have been commercialized, such as self-driving car pioneer Waymo, others need outside financial support.
