Amazon's Board Faces Lawsuit Over Kuiper Launch Contract Decisions

A pension fund has filed a lawsuit against Amazon's board of directors, alleging that they "acted in bad faith" by approving launch contracts for the Project Kuiper broadband constellation that awarded billions of dollars to Blue Origin, the company founded by Jeff Bezos. The suit claims that the board spent minimal time reviewing the contracts with Blue Origin and United Launch Alliance before approving them, and suggests that personal animosity between Bezos and Elon Musk prevented Amazon from considering SpaceX for the contracts. The lawsuit seeks unspecified damages and the disgorgement of profits received by the defendants.