Question raised by pension fund lawsuit Amazon's choices in the Kuiper satellite launch transaction
Amazon's choices in the Kuiper satellite launch transaction The Project Kuiper broadband internet satellite constellation, which competes with SpaceX's Starlink satellite network, is being launched by Amazon, according to a lawsuit filed by an Ohio-based pension fund. The lawsuit claims that Amazon failed to give SpaceX proper consideration as a potential launch provider. The lawsuit claims that Amazon's board of directors acted in bad faith when they selected three other providers last year, including Blue Origin, the space company owned by Amazon founder Jeff Bezos, but left out SpaceX. The lawsuit was filed in the Delaware Court of Chancery by the Cleveland Bakers and Teamsters Pension Fund. IMAGE SOURCE - geekwire The European Arianespace Consortium and United Launch Alliance, whose Vulcan Centaur rocket will use Blue Origin's BE-4 engine, were the other two businesses. The three agreements, according to the lawsuit, represent Amazon's second-largest capital ...