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Amazon Eyes 2026 Entry to Satellite Internet Market Dominated by Musk's Starlink [CNET News]

Amazon.com, Inc. (AMZN)  More Company Research Source: CNET News
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
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 [Read more]
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Stockreport

Amazon Eyes 2026 Entry to Satellite Internet Market Dominated by Musk's Starlink [CNET News]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: CNET News
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
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 [Read more]
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