Rocket Lab (RKLB) shares surged by 12% on June 9, 2025, approaching all-time highs following a reiteration of an Overweight rating and a price target increase to $35 by Cantor Fitzgerald. The firm is recognized for its 65 launches, new platforms, and favorable political conditions, positioning it as a leading pure-play in space technology. Concurrently, Amazon (AMZN) is preparing to launch the second batch of 27 satellites for its Project Kuiper broadband constellation. The launch, conducted by United Launch Alliance (ULA) using an Atlas V 551 rocket, was rescheduled to June 16, 2025, due to weather delays. Analysts from Truist Securities and Wolfe Research have maintained positive outlooks on Amazon and FedEx (FDX), respectively, citing Project Kuiper's growth potential and Amazon contract tailwinds, despite some near-term cost pressures for FedEx. Truist reiterated a Buy rating on Amazon with a $226 price target, highlighting the multi-billion dollar revenue opportunity from the satellite project. Wolfe Research kept an Outperform rating on FedEx but lowered its price target to $253 due to slight earnings adjustments and cost challenges.
$AMZN | 𝐀𝐦𝐚𝐳𝐨𝐧 (AMZN): Truist Securities reiterates 𝐁𝐮𝐲, maintains 𝐏𝐓 𝐚𝐭 $𝟐𝟐𝟔 Project Kuiper gains momentum as satellite launches ramp up; analyst sees multi-billion revenue opportunity despite shares nearing PT. https://t.co/uxuojnAGqB
$FDX | 𝐅𝐞𝐝𝐄𝐱 (FDX): Wolfe Research reiterates 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦, cuts 𝐏𝐓 𝐭𝐨 $𝟐𝟓𝟑 (𝐟𝐫𝐨𝐦 $𝟐𝟓𝟖) Slight F4Q EPS trim and continued cost headwinds drive near-term caution, but analyst sees long-term upside from Network 2.0 & $AMZN Amazon contract tailwinds. https://t.co/qKDwf50Vyu
Back to the pad! Atlas V is gearing up to launch Amazon’s next set of Project Kuiper satellites—expanding the future of global broadband. Precision will meet power when ULA pushes the Kuiper constellation into orbit.