Amazon Fires Up Challenge With Tesla CEO's SpaceX


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


  • Amazon.com Inc's (NASDAQ:AMZN) Kuiper Systems LLC sought permission from U.S. regulators to launch another 4,538 satellites, Bloomberg reports.
  • The additions would bring Kuiper's constellation to 7,774 satellites. 
  • Amazon aims to bolster its constellation as it competes with Tesla Inc (NASDAQ:TSLA) CEO Elon Musk's SpaceX for broadband-from-space customers.
  • Kuiper and Musk's Space Exploration Technologies Corp each applied for satellite fleets in low-earth orbit. 
  • Amazon contested that SpaceX has not met regulatory requirements. SpaceX dismissed the criticism.
  • Amazon aims to deliver broadband internet to areas around the world that lack high-speed service, Reuters reports.
  • Amazon sought approval to launch and operate two prototype satellites by the end of 2022.
  • Price Action: AMZN shares closed higher by 1.21% at $3,518.99 on Friday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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