Elon Musk: “Starlink Now Has 11k Satellites in Orbit.” Amazon Hasn’t Even Cracked 1,000.

SpaceX (SPCX) reported $7.81B revenue, beating estimates, but shares fell 8% due to $18.4B capital spending, mostly on AI. NVIDIA (NVDA) shares rose 2% as SpaceX pledged to use NVIDIA chips for AI data centers. Starlink revenue grew 66% to $4.29B, while AI revenue surged 250% to $2.56B.

Amazon Web Services (AWS) is investing $1 billion in its Forward Deployed Engineering (FDE) unit to accelerate AI adoption in Africa. The initiative embeds AWS engineers with clients to co-develop AI solutions, focusing on production deployment and skill transfer. AWS aims to help African organizations move from AI exploration to business transformation, with projects already underway in various sectors.

Walmart reported its slowest U.S. comparable sales growth in six years, with net income of $6.37bln and sales up 5.9% to $187.94bln. Alibaba's Q2 2026 revenue rose 9% to RMB268,953mln, but income from operations fell 57%. Ocado partnered with nemlig, a Danish online supermarket. Other retailers announced expansions and initiatives, including Lidl, Tesco, Waitrose, Dino Polska, and M&S.

AWS is investing $1B to embed AI specialists in customer teams, accelerating AI deployment from months to days. The initiative, AWS Forward Deployed Engineering (FDE), focuses on building and deploying AI systems with limited human intervention. AWS claims this approach differs from traditional consultancy, emphasizing business results over billable hours. The company has already partnered with organizations like the NFL, Cox Automotive, and Southwest Airlines. AWS aims to target companies in re

Investor demand for AI-related corporate debt is waning, with tech bond spreads widening. Amazon and Alphabet's recent bond sales faced higher yields. Tech spreads are 89 basis points, 9 points wider than the overall market. AI debt issuance has surged to $220 billion in 2026, up from $12.5 billion last year. Investors are demanding larger concessions, and portfolio limits may constrain future demand.

Amazon plans to expand its Prime Air drone delivery service to nearly 500 U.S. cities by 2026, while DoorDash, Uber, and Walmart also scale up drone delivery operations. Amazon's drones can deliver products under 5 lbs in 30 minutes, and Walmart has reached 2 million drone deliveries. Uber partnered with Zipline for drone deliveries, aiming for 1 million per day by 2029. Challenges include regulatory hurdles and technical setbacks.