Amazon launches first Kuiper internet satellites in bid to take on Elon Musk's Starlink
1. Amazon successfully launched 27 Kuiper satellites to enhance internet connectivity. 2. Project Kuiper aims to compete with Starlink's established satellite network. 3. Amazon plans 80 launches to deploy a total of 1,618 satellites by July 2026. 4. The project requires $10 billion investment; commercial service expected later this year. 5. Investors await updates on capital expenditures during upcoming earnings report.