Bezos snubbed SpaceX for satellite launch contract: Amazon shareholder

    > CB&T alleges that Bezos, Amazon’s executive chair – as well as CEO Andy Jassy and members of the company’s board of directors who also serve on its audit committee – “consciously and intentionally breached their most basic fiduciary responsibilities” by awarding contracts for Kuiper missions on a trio or rockets that have yet to launch and are years behind schedule.

    > The lawsuit adds that Amazon leadership “excluded the most obvious and affordable launch provider, SpaceX, from its procurement process because of Bezos’ personal rivalry with Musk.”

    > The suit also alleges the Bezos-led team did “not even consider SpaceX,” and the Amazon audit committee did not ask for or receive updates on the negotiations for nearly 18 months. Contract values, and how much Amazon is paying in total for the launches, are redacted in the lawsuit.