Amazon has applied for a license to operate a network of 5,105 satellites aimed at providing mobile phone services, with launches expected to begin in 2028. This follows Amazon's acquisition of Globalstar's satellite operations and aims to expand satellite connectivity using Globalstar's spectrum alongside Amazon's existing broadband satellite network, Leo. The move positions Amazon as a competitor to SpaceX, which dominates satellite internet and mobile services and is investing heavily in its own satellite network. However, satellite-to-mobile services currently offer limited bandwidth and have low customer usage, posing a challenge for Amazon. Additionally, Amazon faces launch delays due to setbacks with Blue Origin's rockets, but its strong financial reserves support continued investment in this space.
Amazon.com, Inc. is expected to report strong Q2 2026 results with revenue guidance of $194B–$199B and operating income between $20B–$24B. The company’s growth is driven primarily by AWS, which supports high-quality operating income. However, ongoing...
Amazon has requested federal approval to launch up to 5,105 satellites to build a direct-to-device (D2D) internet network, aiming to provide connectivity directly to smartphones and other devices without relying on traditional cell towers. This netwo...
Dow futures surged over 500 points Monday as crude oil prices fell sharply, easing pressure on stocks after weeks of volatility. Investors await the Federal Reserve's rate decision on Wednesday and earnings reports from major tech firms like Amazon, ...
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
The S&P 500 earnings yield reached 5.03%, its highest level since late March 2026, a setup similar to the period before a major equity rally in April and May 2026. This increase, combined with a price-to-earnings ratio below 20, suggests potential po...
