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

First Majestic Q1 Earnings: A Bang Up Quarter

Copper’s Structural Shortage May Be Here to Stay | Colin Joudrie – Selkirk Copper

Why Barrick’s “Strong” Quarter Wasn’t So Strong | Q1 2026 Earnings

Recommended

Canada Confirms First Hantavirus Case Linked to MV Hondius Cruise Ship Outbreak

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

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

Amazon Plans to Add Jobs in the UK Despite Broader Tech Slump

Amazon (NASDAQ: AMZN) has decided to boost its workforce in the UK, despite a broader...

Sunday, July 17, 2022, 05:21:00 PM

Amazon Abandons Quebec Market, Cuts 1,700 Jobs

Amazon.com Inc (Nasdaq: AMZN) will withdraw entirely from Quebec, shutting down its warehouse network in...

Thursday, January 23, 2025, 07:39:04 AM

SpaceX’s Static Fire Test At Starbase Burned 68 Acres Of Protected Refuge In Texas

A static fire test at SpaceX Starbase started a grass fire that led to burning...

Tuesday, September 13, 2022, 05:20:00 PM

Elon Musk On Tesla Cybertruck: “Hard To Make The Cost Affordable”

Tesla (Nasdaq: TSLA) CEO Elon Musk addressed shareholders at the company’s annual meeting on Tuesday,...

Wednesday, May 17, 2023, 12:10:00 PM