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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the accelerating commercial space race, Amazon expects to roll out initial internet services via its Leo broadband satellite network later this year. The company's satellite constellation count has officially surpassed 390 following its latest successful launch. This milestone is intended to enable the commencement of early-stage commercial connectivity services.
This progress places Amazon in direct competition with SpaceX's Starlink, which currently operates over 6,000 satellites in orbit per market data. Through Project Kuiper, Amazon aims to capture a share of the global satellite internet market, with a regulatory requirement to deploy half of its planned 3,236-satellite constellation by 2026 to maintain its FCC license.
Regarding market performance, AMZN shares stood at $243.11 (at close July 02, 2026), having reached a daily high of $246.72. Investors are closely monitoring further operational updates alongside upcoming catalysts such as the Chinese Manufacturing PMI data on June 30, which may signal broader global demand and logistics trends.