Jeff Bezos, founder and chief executive officer of Amazon.com Inc., listens during an Economic Club of Washington discussion in Washington, D.C., U.S.(Photographer: Andrew Harrer/Bloomberg)

Amazon's Satellite Project Will Cost Billions, Jeff Bezos Says

(Bloomberg) -- Amazon.com Inc. plans to spend billions of dollars building a network of thousands of satellites to provide broadband internet service, Chief Executive Officer Jeff Bezos said.