Amazon Eyes 2026 Entry to Satellite Internet Market Dominated by Musk's Starlink [CNET News]
Amazon.com, Inc. (AMZN)
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Source: CNET News
Amazon is moving forward, as planned, with its Leo satellite network after CEO Andy Jassy acknowledged in a letter to shareholders last week that the project had hit a major delay . During the retail giant's earnings call on Wednesday, Jassy teased the global value of the low-Earth-orbit communications network when the commercial service launches, which he said would be "in a few months." Amazon Leo already has deals in place with companies, including Delta Airlines (which has committed half of its fleet to connect with the service in 2028), JetBlue, AT&T, Vodafone, DirecTV and NASA, and is positioning itself as a major competitor to Elon Musk's Starlink service with ambitions to provide high-speed internet at an affordable price worldwide. "It will be one of two offerings that are on the current technology edge, and I think that we will have a meaningful advantage in performance," Jassy said during the call. "I think we'll be about two times better on the downlink than existing
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AMZN
Earnings
- 4/29/26 - Beat
AMZN
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/29/26 - Form 8-K
- 4/28/26 - Form 4
- AMZN's page on the SEC website