Amazon Deploys 300+ Kuiper Satellites in Q2; BofA Reiterates Buy with $310 Price Target

According to BofA Securities' latest report released in Q2 2026, Amazon has now deployed over 300 Project Kuiper satellites in orbit, with the brokerage reiterating a "Buy" rating and $310 price target on Amazon stock. The bank expects satellite launch frequency to accelerate further through 2026-2027, bringing the entire satellite network closer to commercial deployment.

BofA estimates Amazon's total investment to build the initial Kuiper constellation by 2028 at approximately $25 billion, requiring completion of 3,236 low-Earth-orbit satellites to meet FCC deployment deadlines by 2029. The bank projects Kuiper could generate annual revenue of $200-250 billion by 2032, assuming 25% global market share in consumer broadband plus enterprise, government, and direct-to-phone services.