Amazon.com Inc. founder Jeff Bezos won an appeal against a pension fund's shareholder lawsuit on Friday. The lawsuit, which was dismissed by a Delaware Chancery Court in February, had alleged that Bezos's personal space rivalry with Elon Musk led to costly delays for Amazon's Project Kuiper. Project Kuiper is Amazon's initiative to create a satellite constellation to compete with Musk's SpaceX Starlink in the satellite internet market. The Delaware Supreme Court upheld the earlier ruling, effectively ending the investor case. The suit claimed that the contentious relationship between the two billionaires was a detriment to Amazon's space venture. There was no immediate market reaction analysis available specifically tied to this legal victory.
Bezos Prevails in Shareholder Lawsuit Over Musk Rivalry and Project Kuiper
AMZN
Related News
AMZN
Amazon Surpasses Walmart as World’s Revenue Leader on Cloud and E-Commerce Strength
AMZN
Amazon.com Inc down 0.18% in pre-market at $204.42
AMZN
Amazon Shares Recover as AWS Rollout of Claude 4.6 Models Eases AI Spending Fears
AMZN
Audible Integrates Kindle Ebooks with Audiobooks in New 'Read & Listen' Feature
AMZN