Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMAZON.COM, INC.

(AMZN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Google wins cloud deal from SpaceX for Starlink internet service

05/13/2021 | 12:05pm EDT
FILE PHOTO: Google logo is seen on on the company's European headquarters in Dublin

(Reuters) - Google has won a deal to provide cloud services to Elon Musk's SpaceX, which has launched a slew of Starlink satellites to provide high-speed internet, it said on Thursday.

SpaceX will set up ground stations within Google's data centers that connect to the Starlink satellites, enabling fast and secure internet services via Google Cloud, the search giant said.

This service is expected to be available in the second half of 2021 for enterprise customers, the company said.

The deal comes at a time when demand for cloud-computing services has soared, with players like Microsoft Corp and Amazon.com Inc dominating the market. Cloud companies have also tapped into the telecoms sector, thanks to a jump in demand for 5G connectivity.

Google's cloud business accounts for about 7% of its total revenue, as of the latest earnings report.

Last October, Microsoft won a similar deal from SpaceX to connect its Azure cloud computing platform to Starlink.

Privately held SpaceX, known for its reusable rockets and astronaut capsules, is ramping up satellite production for Starlink, a growing constellation of hundreds of internet-beaming satellites that Musk hopes will generate enough revenue to help fund SpaceX's interplanetary goals.

(Reporting by Eva Mathews in Bengaluru; Editing by Saumyadeb Chakrabarty)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.05% 2720.51 Delayed Quote.55.30%
AMAZON.COM, INC. -1.01% 3593 Delayed Quote.11.46%
MICROSOFT CORPORATION 0.26% 286.92 Delayed Quote.28.68%
All news about AMAZON.COM, INC.
12:19pAMAZON COM : Andy Jassy's thoughts on Amazon's new Leadership Principles, work-l..
PU
12:07pEARNINGS REACTION HISTORY : Amazon.com Inc, 50.0% Follow-Through Indicator, 3.7%..
MT
11:56aAMAZON COM : FDA notifies Amazon over sale of certain harmful sexual enhancement..
RE
11:25aAMAZON COM : Pet food shortages leave owners on the hunt for kibble and cat trea..
RE
11:19aAMAZON COM : celebrates its interns and their impactful work worldwide
PU
10:01aGLOBAL MARKETS LIVE : Earnings reports please investors
08:51aToday on Wall Street: GDP growth misses estimates
08:20aAMAZON COM : Holds Pattern of Adding to Earnings-Driven After-Hours Declines in ..
MT
06:09aAMAZON COM : Exclusive-Walmart's Flipkart, Amazon ask India's top court to stop ..
RE
06:08aAMAZON COM : Walmart's Flipkart, Amazon ask India's top court to stop antitrust ..
RE
More news
Financials (USD)
Sales 2021 490 B - -
Net income 2021 29 050 M - -
Net cash 2021 72 331 M - -
P/E ratio 2021 65,1x
Yield 2021 -
Capitalization 1 831 B 1 831 B -
EV / Sales 2021 3,59x
EV / Sales 2022 2,98x
Nbr of Employees 1 298 000
Free-Float 82,4%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 53
Last Close Price 3 630,32 $
Average target price 4 268,82 $
Spread / Average Target 17,6%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMAZON.COM, INC.11.46%1 830 857
JD.COM, INC.-20.05%108 720
WAYFAIR INC.21.52%28 593
ETSY, INC.14.07%25 831
ALLEGRO.EU SA-18.72%18 093
MONOTARO CO., LTD.-1.30%11 715