- Bezos used Blue Origin instead of SpaceX, pension fund said
- Delaware Chancery Court judge threw out lawsuit in February
A lawsuit blaming the feud between the world’s two richest men for costly delays plaguing
The pension fund leading the shareholder case launched its appeal Wednesday, asking the state supreme court to revive claims that Amazon founder
“Directors can always do more,” Vice Chancellor Nathan A. Cook wrote Feb. 24, quoting a previous court filing by Bezos and the board. “A bad-faith claim is reserved for disciplining directors who deliberately do essentially nothing.”
Musk has a net worth of $337 billion, according to the Bloomberg Billionaires Index, while Bezos is worth $222 billion. Facebook founder
Project Kuiper—among the costliest ventures in the tech giant’s three-decade history—is a planned competitor to SpaceX’s Starlink network, a multibillion-dollar enterprise involving a mega-constellation of satellites facilitating global internet access. Under its Federal Communications Commission license, Amazon has until 2026 to send up the first of roughly 1,600 satellites and three more years to launch the next batch, according to the 2023 court complaint.
The lawsuit focuses on animosity between Musk and Bezos, who arguably won a separate “billionaire space race” when he left the Earth’s atmosphere aboard a Blue Origin vessel in July 2021, days after Virgin Galactic Holdings Inc. founder
Recent moves by Commerce Secretary
Read More: Bezos, Amazon Defend Space Project Contracts With Blue Origin
Cook’s brief ruling last month rejected the idea that Bezos’ status as a “superstar CEO” with outsized influence at Amazon should make it easier prove other corporate directors were beholden to him, a theory borrowed from a landmark 2024 decision voiding Musk’s $56 billion
The Cleveland Bakers and Teamsters Pension Fund acknowledged it belatedly raised that argument “after limited recent case law suggested it might have some ‘traction,’” according to the decision throwing out the case. “I question the premise,” Cook said. “This case ultimately concerns an independent board’s exercise of its business judgment.”
The fund’s opening appellate brief is due May 13.
It’s represented by Grant & Eisenhofer PA. Amazon, Bezos, and the board are represented by Ross Aronstam & Moritz LLP and Wachtell, Lipton, Rosen & Katz.
The case is Cleveland Bakers & Teamsters Pension Fund v. Bezos, Del., No. 127, 2025, notice of appeal filed 3/26/25.
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