What's Going On With Amazon.Com Stock Tuesday?
Portfolio Pulse from Anusuya Lahiri
Amazon plans to launch the first two test satellites for its Project Kuiper constellation on United Launch Alliance's Atlas V rocket this fall, after repeated delays of the debut launch of Vulcan. The company plans to invest over $10 billion in the Kuiper venture. Amazon's FCC license requires it to deploy and operate at least half of the satellite constellation by July 2026. Amazon's stock traded lower by 2.01% at $129.26 on Tuesday.
August 08, 2023 | 2:04 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Boeing, in a joint venture with Lockheed Martin, will phase the Atlas V out of service once Vulcan begins flying.
The news about phasing out Atlas V once Vulcan begins flying is neutral for Boeing as it does not directly impact the company's financials or operations in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Lockheed Martin, in a joint venture with Boeing, will phase the Atlas V out of service once Vulcan begins flying.
The news about phasing out Atlas V once Vulcan begins flying is neutral for Lockheed Martin as it does not directly impact the company's financials or operations in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Amazon's stock traded lower by 2.01% following the announcement of the change in launch plans for its Project Kuiper satellites.
The change in launch plans for Amazon's Project Kuiper satellites, coupled with the significant investment in the venture, may have caused uncertainty among investors, leading to a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100