The Cleveland Bakers and Teamsters Pension Fund, a multi-employer fund, in August sued Amazon in the Delaware Court of Chancery alleging Amazon s board awarded contracts to Jeff Bezos space company Blue Origin without proper diligence and without considering rocket rival Elon Musk-owned SpaceX s rockets.
Amazon.com asked a Delaware
court to dismiss a lawsuit brought by shareholders over the
company s Kuiper satellite launch contracts, arguing in a filing
that the plaintiffs failed to prove that.
Amazon Project Kuiper: Amazon aims to launch over 3,000 satellites into low-Earth orbit to provide global broadband internet coverage and compete directly with Elon Musk s SpaceX, whose Starlink network is farther ahead in the market for providing internet from space.
Amazon seeks dismissal of lawsuit over Kuiper satellite launch contracts streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.