Saturday, December 20, 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

Soma Gold: Q3 Earnings Impacted By Labour Strike

Thesis Gold: The Multi-Billion Dollar Lawyers-Ranch PFS

Why Canada Has So Few Projects That Can Be Built Before 2030 | Dan Wilton – First Mining

Recommended

Northern Superior Shareholders Set To Receive Shares Of ONGold Resources Friday

Goliath Resources Sees Rob McEwen Increase Ownership Interest

Related News

No, Elon Musk Can’t Just Pay $1.0 Billion To Walk Away From Twitter Deal

Elon Musk has seemingly found himself in a pickle when it comes to funding his...

Friday, October 7, 2022, 03:45:00 PM

Jeff Bezos Looks to Save A Buck, Announces Move to Florida

Jeff Bezos, Amazon founder and the world’s third-richest person, is pulling a Ken Griffin. Bezos...

Monday, November 6, 2023, 02:58:00 PM

Tesla Insiders Sold $137 Million In Stock Last Week, In Advance Of Musk’s Stock Sale Poll

It appears that Elon Musk is not the only insider looking to cash out on...

Sunday, November 7, 2021, 02:26:00 PM

IRS Employees Who Accepted OPM’s “Deferred Resignation” Offer Dismayed With Job Extension

Some IRS employees who accepted the Office of Personnel Management’s (OPM) “deferred resignation” offer are...

Saturday, February 8, 2025, 03:04:00 PM

Amazon Preparing To Lay Off Another 9,000 Workers

Amazon is preparing to let go another 9,000 workers over the next several weeks, in...

Monday, March 20, 2023, 01:14:38 PM