Amazon's stock increased by 4% on September 5, 2025, following the announcement of a deal with JetBlue for its Project Kuiper satellite broadband service. This partnership aims to provide in-flight internet connectivity, boosting Amazon's space ambitions.
Deal Overview
- Partnership: JetBlue will use Amazon's Kuiper satellites for onboard Wi-Fi.
- Market Reaction: The news contributed to positive sentiment in tech stocks amid broader market movements.
Broader Implications
This development supports Amazon's expansion into satellite internet, competing with services like Starlink.