An Amazon shareholder lawsuit alleges the company snubbed SpaceX for satellite launch contracts because of Jeff Bezos’ personal rivalry with Elon Musk.
The lawsuit adds that Amazon leadership"excluded the most obvious and affordable launch provider, SpaceX, from its procurement process because of Bezos' personal rivalry with Musk.", with its Falcon 9 rockets advertised at a comparatively low market price of about $70 million per launch. In 2023, the company is flying rockets at a record-setting pace, with a launch about every four days on average.
The suit also alleges the Bezos-led team did"not even consider SpaceX," and the Amazon audit committee did not ask for or receive updates on the negotiations for nearly 18 months. Contract values, and how much Amazon is paying in total for the launches, are redacted in the lawsuit. CB&T alleges the audit committee received only"a brief summary of the terms of the contracts" and"rubberstamped" the deal"after only a few minutes of discussion."
In March 2022, the Bezos team presented a summary of the Blue Origin and ULA contracts to the Amazon board for approval, along with a third contract for European company Arianespace. CB&T highlighted that the deal was a sharp contrast to Amazon's $13.7 billion acquisition of Whole Foods, a process in which the company engaged financial advisors.
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