Amazon will invest $120 million to build a satellite processing facility at NASA's Kennedy Space Center in Florida, as the company prepares to launch the first satellites for its Project Kuiper internet network, the tech giant announced Friday. The facility will be built at the Launch and Landing Facility that was once where NASA landed Space Shuttle missions. The LLF is now leased and operated by Space Florida, which serves as the state's space economy development arm. "I am thrilled that Amazon is the first major tenant to locate [at the LLF]," Frank DiBello, CEO of Space Florida, told CNBC. We'll be processing our first production satellites through this facility in early 2025," Steve Metayer, Amazon's vice president of Kuiper production operations, told CNBC.

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Persons: Frank DiBello, Jeff Bezos, Steve Metayer Organizations: Amazon, Kennedy Space Center, NASA, Space Shuttle, Space, CNBC, United Launch Alliance Locations: Florida, Space Florida