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Amazon Dips After Satellite Launch Success

Wednesday, Jul 16, 2025 9:59 am ETmin read

Aime Summary

- Amazon shares fell 2.3% despite successful launch of 32 satellites for its Kuiper broadband project, signaling investor caution.

- The satellite deployment marked a critical milestone in Amazon's $10B competition with Starlink's 4,000+ operational satellites.

- Analysts highlighted concerns over rising costs and regulatory hurdles as Amazon reported $2.6B Q2 cloud division losses.

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