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Amazon's Leo Satellite Business Gains Traction with Potential $7B Revenue

Guavy AI Editorial Team
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AMZN
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Amazon's Leo satellite business is gaining traction despite being delayed, with significant long-term upside embedded in its core valuation.

The company's near-free call option on Leo has sparked interest among investors, particularly after Bank of America raised Amazon's (NASDAQ:AMZN) price target to $310, citing Leo's potential $7-10 billion annual recurring revenue by 2030.

Amazon's Leo satellite business is gaining ground with strategic partnerships and competitive pricing, and its integration with AWS and Prime could drive substantial incremental revenue over the next decade.

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