Amazon shareholder sues board, Bezos over Blue Origin launch contracts

An Amazon shareholder has filed a lawsuit against founder Jeff Bezos and the Amazon board alleging directors failed to fully vet a decision to award launch contracts for the company’s Project Kuiper satellite project to Blue Origin, Bezos’s space company.

The lawsuit filed by Cleveland Bakers and Teamsters Pension Fund earlier this week claims that the Amazon board awarded contracts worth billions of dollars to Blue Origin and did not consider rival Elon Musk-owned SpaceX as an alternative launch provider despite its track record.

Amazon’s Project Kuiper is a planned network of over 3,000 satellites designed to beam broadband internet to remote regions. That makes it a rival to Musk’s Starlink.