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Amazon orders six more rockets to expand satellite network but Starlink still leads in coverage and subscribers.

Market News
15 Sep 2026
24/7 Wall Street
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Bullish
Amazon orders six more rockets to expand satellite network but Starlink still leads in coverage and subscribers.

Amazon has ordered six additional Ariane 6 rocket launches to expand its Amazon Leo satellite network, aiming to compete with SpaceX's Starlink. Despite having nearly 400 satellites in orbit and signing enterprise deals with companies like Delta and Vodafone, Amazon Leo remains behind Starlink, which already serves millions of users. Amazon's strong financial backing and diversified launch partners give it a solid foundation, but it needs to increase launch cadence and publicize coverage and subscriber data to close the gap. Analysts view Amazon stock as a buy, banking on AWS growth with satellite efforts as a promising optionality.

As of Sep 16, 2026 02:02 WIB, Amazon (AMZN) shares trade at USD 247.85, down 2.24% for the day on Pluang. SpaceX (SPCX) stock is priced at USD 144.18, declining 2.66% in the same session. Amazon's market cap stands at $2.73 trillion, notably larger than SpaceX's $1.95 trillion, highlighting Amazon's financial strength despite the competitive satellite market.

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New AI wearables raise privacy concerns over always-listening features and legal risks for users.

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AI-powered wearables from Apple, Amazon, Meta, and startups now continuously listen and transcribe conversations, raising new privacy and legal concerns. Unlike earlier smart speakers activated by wake words, these devices interpret speech without st...

Market News
Neutral
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Consumer services undervalued with strong quality; Fidelity ETF outperforms XLY by 0.52% annually

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Consumer services are currently deeply undervalued compared to their 11-year averages and show strong quality metrics, making this subsector particularly attractive for investors. The Fidelity MSCI Consumer Discretionary Index ETF, which has a value ...

Market News
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1 day ago
Alphabet's cloud and AI growth outpaces spending concerns, keeping it a strong buy.

Alphabet's cloud and AI growth outpaces spending concerns, keeping it a strong buy.

Alphabet's cloud revenue surged 82% in Q2 2026 to $24.77 billion, with a backlog of over $460 billion, showing strong customer demand. Its core business also grew steadily, supporting ongoing investments in cloud and AI infrastructure despite a doubl...

Company Fundamentals
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Amazon Ads and Walmart Connect grow differently, with Walmart's ad business expanding faster on store data.

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Amazon Ads grew 26% to $19.8 billion driven by search intent and sponsored products, while Walmart Connect grew 43% leveraging in-store traffic and purchase data. Amazon focuses on digital shelf ads and premium video content, including live sports, w...

Market News
Bullish
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Wall Street agrees on Amazon's strong buy with 28.65% upside, but remains split on Tesla's modest 8.12% gain potential.

Wall Street agrees on Amazon's strong buy with 28.65% upside, but remains split on Tesla's modest 8.12% gain potential.

Wall Street analysts largely agree on Amazon, with most rating it a buy and a price target suggesting 28.65% upside, driven by strong AWS growth and accelerating revenue. Tesla, however, faces mixed opinions with a lower 8.12% upside and concerns ove...

Analyst Insights
Bullish
2 days ago
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