Topic: How To Invest

Power Growth Investor Hotline – Friday, April 8, 2022

Article Excerpt

AMAZON.COM INC., $3,089.21, symbol AMZN on Nasdaq, is a buy. The company is one of the world’s largest online retailers. It’s also the third-largest digital ad provider in the U.S. Its Amazon Web Services (AWS) is one of the world’s largest cloud infrastructure service providers. Amazon has now entered agreements with commercial space companies Arianespace, Blue Origin and United Launch Alliance to aid the execution of its new initiatives called Project Kuiper. The aim is to provide high-speed broadband service using a constellation of low Earth orbit satellites. The three firms will provide heavy-lift launch services to Project Kuiper. Amazon has secured up to 83 launches from the three companies, which will be used to deploy its satellites over a span of five years. Under Project Kuiper, Amazon plans to launch a network of 3,236 satellites into space to create an interconnected network. The 3,236 satellites will be made up of three layers—784 satellites at an altitude of 590 kilometres, 1,296 satellites will…