Amazon Has Out-of-This-World Ambitions. Can It Lift the Stock?
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Amazon is developing a low-earth orbit satellite constellation called Amazon Leo to provide high-speed broadband internet worldwide. The company plans to launch the internet service in mid-2026 and has committed billions of dollars to secure launch commitments through early 2029.
Amazon is investing in a new satellite constellation called Amazon Leo. The project aims to provide high-speed broadband internet worldwide. Amazon currently has over 240 satellites in orbit and plans to have 3,200 in the coming years. The company will use Blue Origin, owned by Amazon founder Jeff Bezos, for satellite launches starting in 2027. Amazon is also in discussions to acquire Globalstar, which would provide important spectrum licenses. The internet service is set to launch in mid-2026, with commitments to provide service to companies like JetBlue and Delta, as well as governments.
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