Battle of the Billionaires: Musk Blasts Amazon for Trying to Cripple SpaceX Starlink Satellite Project

The world’s richest man, Elon Musk, and the world’s second richest man, Jeff Bezos, have sparked a battle in front of US regulators over their satellite internet projects.

The conflict between the two billionaires began when SpaceX attempted to convince the US Federal Communications Commission to allow it to position Starlink satellites closer to Earth than originally expected. Amazon was one of the companies that had attempted to block the move, citing potential interference with other satellites. In response to Amazon’s objections, SpaceX accused the e-commerce company of making misleading claims, while also taking a stab at its Project Kuiper network, noting that it has yet to move past preliminary stages.

On Tuesday, Musk himself barraged into the conflict, reiterating on Twitter that SpaceX is significantly further along in the race to develop adequate satellite technology. It does not serve the public to hamstring Starlink today for an Amazon satellite system that is at best several years away from operation,” he exclaimed.

As of current, there are approximately 1,000 Starlink satellites in orbit, offering services to a limited number of customers across the US, Canada, and the UK. Starlink’s service is currently only in the beta testing phase, which allows early adopters to opt in via an upfront cost of $499, followed by a $99 monthly fee thereafter. SpaceX has revealed it plans to launch thousands of more satellites in the near future, with the intent of offering “near global coverage.”

In the meantime, Amazon has been working on creating its own system called Project Kuiper, with plans to launch more than 3,000 satellites into low-earth orbit. At the end of 2020, the company reached a critical milestone on its antennas, but has yet to create any satellites.


Information for this briefing was found via CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Risk Assets May Have Already Peaked | Mike McGlone

A $3 Billion Gold Deal Just Changed the Market | G Mining Acquires G2 Goldfields

Why the Market May Be Misreading Iran | David Woo

Recommended

Total Metals Secures High Grade Critical Minerals Property In Northwestern Ontario

Discovery at Luis Hill Prompts Acceleration of Phase 2 Program for Questcorp

Related News

After Becoming Mayor of Twitter, Elon Musk Moves To Build His Own Town in Texas

Elon Musk and his companies have been buying thousands of acres of idyllic pasture and...

Friday, March 10, 2023, 12:03:00 PM

Peloton: Wall Street Journal Reports That Amazon And Others Mulling Takeover Bids

After the regular stock market close on February 4, The Wall Street Journal reported that...

Sunday, February 6, 2022, 01:06:00 PM

Elon Musk Is Building A University In Texas

Elon Musk isn’t just building a town in Texas, a school also seems to be...

Friday, December 15, 2023, 06:45:00 AM

Elon Musk Questions Accuracy of Spam Account Data, Speculates Renegotiating Twitter Deal

It appears that Elon Musk might pull the plug on his $44 billion Twitter (NYSE:...

Tuesday, May 17, 2022, 03:03:00 PM

Tesla Drawn Into Epstein-JPMorgan Lawsuit As US Virgin Islands Struggles to Serve Elon Musk With Subpoena

In a recent development, a federal judge has ruled that the US Virgin Islands can...

Thursday, May 18, 2023, 05:03:00 PM