4,500 Reasons to Buy Amazon Stock Today

For the longest time now, e-commerce giant Amazon (AMZN) has been treated with neglect by the Street. Not as divisive as Tesla (TSLA) or as much loved as Nvidia (NVDA), there has been just a palpable sense of indifference towards the Seattle, Washington-based company. Unsurprisingly, the stock is down almost 13% over the past year.

However, the $2.2 trillion market cap company may just have received a timely boost from the Federal Communications Commission (FCC).

FCC Approves Amazon’s Satellites

The FCC has given approval to Amazon to launch 4,500 satellites, with some specific milestones that the company has to achieve. According to some media reports, the FCC has mandated Amazon to launch 50% of the newly approved Gen 2 satellites by Feb. 10, 2032, and the rest by Feb. 10, 2035. With this, Amazon’s count of approved low-earth orbit (LEO) satellites increases to about 7,700.

This acts as a massive boost for Amazon’s goal of finally…