Amazon Leo Could Surpass SpaceX as the Satellite Internet Play

The Motley Fool argues that ahead of SpaceX’s IPO, investors should weigh Amazon’s competing satellite broadband push, now branded Amazon Leo (formerly Project Kuiper). Amazon has launched hundreds of satellites (over 250) and struck deals with Delta, JetBlue, AT&T and Vodafone, with in-flight Wi‑Fi and Apple connectivity on the horizon. Given Amazon’s diversified, profitable business and a far larger current valuation (~$3 trillion) versus SpaceX’s high, potentially volatile IPO path (valued up to about $2 trillion), the article suggests Amazon is the safer, perhaps bigger opportunity now and to revisit SpaceX later.