Bezos snubbed Musk’s SpaceX for huge satellite launch contract, Amazon shareholder says

Posted on AllSides September 1st, 2023
From The Center
Getty Images

An Amazon shareholder lawsuit says the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos’ personal rivalry with Elon Musk, who has taunted his fellow billionaire’s space ambitions for years.

Cleveland Bakers and Teamsters Pension Fund, or CB&T, filed a shareholder complaint on behalf of Amazon in the Delaware Court of Chancery on Monday.

The pension fund’s lawsuit centers around Amazon’s blockbuster purchase of rocket launches for its Project Kuiper satellite internet system. The suit emphasizes the rivalry between Bezos and Musk, featuring screenshots of the SpaceX and Tesla chief’s social media taunts...

Read full story
Some content from this outlet may be limited or behind a paywall.

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right