United Launch Alliance Successfully Launches 29 Satellites for Amazon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
A United Launch Alliance rocket lofted29 satellites for Amazon.com (AMZN), paving the way for the start of the company's broadband service later this year in a challenge to SpaceX's (SPCX) dominant Starlink network, Bloomberg's Jennifer Igbonoba reports. The Atlas V rocket carrying the latest batch of Amazon Leo satellites took off from Cape Canaveral Space Force Station in Florida at 12:30 a.m. local time on Thursday. With more than 390 satellites deployed, Amazon has "completed enough launches for initial service" this year, Chris Weber, vice president of business and product for Amazon Leo, said.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 244.160
Low
175.00
Averages
280.01
High
325.00
Current: 244.160
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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