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Bad News. Amazon Satellite Internet Could Be Nearly 3 Years Away

TheMotleyFool

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Bad News. Amazon Satellite Internet Could Be Nearly 3 Years Away: https://g.foolcdn.com/editorial/images/758330/earth-surrounded-by-an-image-representing-an-internet-satellite-network.jpg

On Dec. 1, 2023, Amazon.com (NASDAQ: AMZN) made a surprising announcement.

After refusing to patronize SpaceX rockets for more than a year -- awarding multibillion-dollar satellite launch contracts to essentially every space company in the market but SpaceX -- Amazon reversed course two weeks ago and awarded SpaceX three (of more than 90) contracts to launch Amazon Project Kuiper internet satellites atop SpaceX Falcon 9 rockets.

And that wasn't even the most surprising revelation from Amazon's press release.

Source Fool.com

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