Amazon Executive Announces at Project Kuiper Event: Kuiper Production Satellites Launch Pushed Back to Q4; Initial Launch Was Scheduled for 1H 2024; Satellite Beta Tests to Start in 2025 Instead of 2024
Portfolio Pulse from Benzinga Newsdesk
Amazon announced that the launch of its Project Kuiper production satellites has been delayed to Q4 2024, with beta tests now scheduled for 2025 instead of 2024. This delay could impact Amazon's plans to provide broadband services through these satellites.
June 27, 2024 | 5:55 pm
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Amazon's Project Kuiper satellite launch has been delayed to Q4 2024, with beta tests now scheduled for 2025. This delay could impact Amazon's plans to provide broadband services and potentially affect its revenue projections.
The delay in the Project Kuiper satellite launch and beta tests could postpone Amazon's entry into the broadband market, potentially affecting its revenue projections and investor sentiment in the short term.
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