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 the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

First Majestic Aims To Restart Production At Jerritt Canyon In H2 2027

Mercado Minerals Identifies A Series Of New Targets Following LiDAR Survey At Copalito

Related News

Amazon Shares Tumble As Bottomline Dwindles In Q3 2022

Amazon.com, Inc. (Nasdaq: AMZN) reported on Thursday post-closing its financial results for Q3 2022. The...

Friday, October 28, 2022, 11:14:00 AM

Did Elon Musk Steal the ‘Grok’ Name from Ex-Girlfriend Grimes?

Artist and musician Grimes has partnered with toy company Curio to introduce “Grok,” an interactive...

Friday, December 15, 2023, 02:11:00 PM

‘The Boy Who Cried Cybertruck’: Tesla To Mass Produce Cybertruck By End Of 2023… For Real?

After being delayed for almost four years since it was launched, Tesla’s (Nasdaq: TSLA) Cybertruck...

Tuesday, November 1, 2022, 03:52:00 PM

Is Elon Musk Violating The Law For Forcing Twitter Blue Subscription On Select Personalities?

Days after Elon Musk’s Twitter sweep of VIP users and notable organizations, blue check marks...

Tuesday, April 25, 2023, 03:01:00 PM

Is Twitter Broke?

Twitter is currently embroiled in another legal battle as it is being accused of failing...

Monday, July 3, 2023, 11:07:00 AM