Shareholders of a pension fund that features Amazon inventory have sued the corporate, its founder Jeff Bezos, and its board of administrators for “breaching their fiduciary responsibility” as a part of a contract to amass launch companies for the Undertaking Kuiper megaconstellation.
The lawsuit, filed on Thursday and first reported by the Delaware Enterprise Courtroom Insider, alleges that in buying launches for Kuiper, Amazon failed to think about SpaceX and its Falcon 9 rocket. This was the one prudent alternative that might have enabled Amazon to launch half of its constellation by a 2026 deadline, the lawsuit states.
The plaintiffs say that the Falcon 9 prices lower than its opponents and has different benefits, akin to being out there now. However, the lawsuit alleges, SpaceX was by no means thought of on account of an intense and private rivalry between that launch firm’s founder, Elon Musk, and Bezos, who has a competing rocket firm in Blue Origin.
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