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- 1Amazon Stock Rises on Satellite Milestone for Starlink Rival●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, keeping it on track to launch its broadband constellation, a direct competitor to SpaceX's Starlink, later this year. Investors welcomed the progress in Amazon's push into satellite internet services, a market currently dominated by Elon Musk's Starlink network.