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Aanchal Sugandh

A Successful Leo Satellite Launch Just Gave Amazon Stock a Real Chance to Rival SpaceX

Amazon SpaceX Astrology Starlink

Amazon.com (AMZN) has moved one step closer to giving Space Exploration Technologies (SPCX) a real run for its money. The company announced that it now has enough satellites in orbit to roll out the initial service of its Leo internet from space network later this year.

Amazon launched 29 satellites at around 12:30 a.m. EST on Thursday, July 2, aboard a United Launch Alliance Atlas V rocket. The successful mission expanded Amazon's constellation to more than 390 satellites, enough to support continuous service across its initial latitudes.

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