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

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

Recommended

Silver47 Pulls High-Grade Gold and Silver Assays from Nevada Vein Network At Kennedy

Canadian Gold Resources Taps Chernin as Interim CEO in Planned Transition

Related News

Elon Musk Mocks BBC Investigation Into Rise of Trolling and Hate Speech on Twitter

“Sorry for turning Twitter from nurturing paradise into place that has … trolls,” Twitter owner...

Tuesday, March 7, 2023, 02:19:00 PM

Battle of the Billionaires: US Court Dismisses Blue Origin Lawsuit Against SpaceX’s $2.9 Billion NASA Contract

As we have mentioned previously, just because you are a billionaire— does not mean you...

Sunday, November 7, 2021, 11:06:00 AM

Tesla Targets June 12 Austin Robotaxi Launch Amid Safety, Regulatory Concerns

Tesla Inc (Nasdaq: TSLA) is targeting a June 12 launch for its robotaxi service in...

Thursday, May 29, 2025, 12:08:00 PM

Elon Musk’s Lenders Admit They Will Get a ‘Haircut’ Holding $12.7 Billion Twitter Takeover Debt

The lenders behind the $12.7 billion that Tesla CEO Elon Musk borrowed to finance his...

Wednesday, November 2, 2022, 11:38:00 AM

Elon Musk Admits to Having Secret Twitter Accounts During Deposition — One Role-Played as His Toddler Son

Elon Musk has confirmed that he maintained two secret accounts on his social media platform...

Thursday, April 11, 2024, 08:02:28 AM