$Amazon(AMZN.US) Project Kuiper is the key growth driver. With 390+ LEO satellites deployed, Kuiper acts as a global “on-ramp” for AWS, solving connectivity issues in remote areas. This creates a powerful ecosystem, locking in customers and unlocking new revenue from high-value sectors like shipping and energy. Success will directly amplify AWS growth. The main risk is execution, as the complex buildout could pressure cash flow.

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