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✉news TechnologyInternet first seen 6 h ago, last 1 h ago, peak #6

Amazon Stock Rises as Satellite Service Nears Launch

Original: AMZN Stock Gains On Hitting Satellite Milestone to Launch Starlink Internet Rival This Year

Amazon shares gained after the company hit a key satellite milestone, clearing the way for its broadband constellation to begin launching this year as a rival to SpaceX's Starlink. Investors welcomed the progress on Project Kuiper, which aims to deliver satellite internet service to customers worldwide.

Why now: Amazon's progress toward launching its Starlink competitor this year is moving the stock and drawing investor attention.

AmazonStarlinkSpaceXProject Kuiper

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