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Amazon Stock Dips After FAA Probes Drone Cable Incident in Texas

Amazon Stock Dips After FAA Probes Drone Cable Incident in Texas

Author:

Global Cryptocurrency

Published:

2025-11-27 16:30:02

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BTCCSquare news:

Amazon shares fell nearly 1% Thursday as regulators investigated an incident involving its delivery drone severing an internet cable in Waco, Texas. The MK30 drone, part of Amazon's expanding fleet, entangled the cable after completing a package drop on November 18. No injuries or service disruptions were reported.

This marks the second safety incident in months—following a collision between two Amazon drones and a construction crane in Arizona. The FAA has opened an investigation, while the NTSB monitors without yet launching a formal probe. Amazon covered repair costs and apologized to the affected customer.

Recurring operational failures threaten to delay Amazon's ambitious target of 500 million annual drone deliveries. Software glitches and infrastructure risks now loom as critical challenges for the program's viability.

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