Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas.
Jeff Bezos' space venture Blue Origin announced Wednesday it plans to deploy 5,408 satellites in space for a communications network that will take on SpaceX and Amazon .
The network, called TeraWave, is targeted for enterprise, data center and government users.
The company said it will provide data speeds of "up to 6 terabits per second" from satellites positioned in low Earth orbit and medium Earth orbit, regions of space that are between 100 miles and 21,000 miles from the Earth's surface.
Blue Origin said it expects to begin deploying its constellation in the fourth quarter of 2027.
Bezos is entering an increasingly crowded satellite internet market that's currently dominated by Starlink, a service operated by Elon Musk's SpaceX. Starlink has more than 9,000 satellites in orbit and roughly 9 million customers.