Sunday, November 23, 2025

Latest

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

G Mining Q3 Earnings: Costs Down, Production Up

Endeavour Silver Q3 Earnings: On The Upswing

Aya Gold Q3 Earnings: A Mixed Bag

Recommended

Altamira Gold Encounters Second Porphyry Body, Hitting 3.5 g/t Gold Over 8.0 Metres

Canadian Copper Set To Submit Environmental Impact Assessment In H1 2026 For Murray Brook

Related News

Users’ Reach on X Dropped After Criticizing Musk, NYT Reports

Three far-right commentators on X experienced significant drops in audience reach after criticizing platform owner...

Thursday, April 24, 2025, 12:55:00 PM

Elon Musk: Tesla Must Become More Involved in Lithium Mining

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk, almost certainly the most influential business figure in...

Monday, April 11, 2022, 01:30:00 PM

Elon Musk Bungles DeSantis Announcement and Then Calls It “Top Story on Earth”

Florida Governor Ron DeSantis’ much-anticipated announcement of his 2024 presidential campaign proved to be more...

Thursday, May 25, 2023, 10:49:00 AM

“Don’t Be Bothered By Stock Market Craziness,” Elon Musk Tells Tesla Employees Despite Stock Compensation

Tesla (Nasdaq: TSLA), like most other tech businesses, includes stock options and grants in its...

Sunday, January 1, 2023, 01:48:00 PM

Musk Threatens to Leave Tesla Over Pay Package Vote

Tesla (Nasdaq: TSLA) CEO Elon Musk has threatened to resign if shareholders reject his compensation...

Tuesday, October 21, 2025, 12:59:00 PM