Amazon.com Stock News

The weather hampers Project Kuiper's launch, and no new date has been scheduled for its first full-scale satellite launch.

Amazon postponed the first launch of its Kuiper internet satellites due to "stubborn" clouds and heavy winds. Launch partner United Launch Alliance will provide a new liftoff time at a later point.

Amazon on Wednesday had its launch of the first 27 initial Kuiper internet satellites postponed over bad weather, the launch provider United Launch Alliance said.

The gains did not erase the $3.4 trillion in value the companies have collectively shed since their peak in late 2024. But the reprieve gave investors a reason to buy back these expensive stocks.

The recent sell-off has left few stocks unscathed, including "Magnificent Seven" stocks such as Amazon (AMZN 11.98%). As of early April, the stock is down 20% since the beginning of the year and sells at nearly 30% below the all-time high it achieved in early February.

Der Start der ersten Internet-Satelliten von Amazon US0231351067, die Elon Musks Starlink-System Konkurrenz machen sollen, ist wegen schlechten Wetters verschoben worden.

The spacecraft are the online giant's entry into beaming wireless service from space, but the company has much to do before it can compete with SpaceX's Starlink.

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