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

This Gold Story Starts With Cash Flow | Gordon Robb – ESGold

Silverco Cusi Mine PEA: Bigger Isn’t Always Better

Fixing Heart Disease Tied to Sudden Death in Young People | David Elsley – Cardiol Therapeutics

Recommended

Cambria Drills 17.95 g/t Gold Over 22 Metres At Premier Mine

Denarius Metals Increases Bid For Emerita Resources To $0.45 Per Share

Related News

France’s AFP Sues Elon Musk’s Twitter/X for Refusal to Pay For Links Shared on the Platform

Agence France-Presse (AFP) has recently announced that it is pursuing legal action against X, the...

Saturday, August 5, 2023, 09:07:00 AM

Tesla Subpoenaed By SEC Related To Go Private Settlement Agreement

Tesla (NASDAQ: TSLA) continues to be in hot water as a result of the actions...

Monday, February 7, 2022, 08:55:20 AM

Amazon: Analysts Expect $115.1 Billion In Q2 Revenue

Amazon.com Inc (NASDAQ: AMZN) will be reporting its second quarter financial results today after markets...

Thursday, July 29, 2021, 11:24:00 AM

Amazon-Meta Deal Will Allow Users To Buy Directly From Instagram and Facebook

Amazon and Meta Platforms, the parent company of Facebook, are currently testing a feature that...

Friday, November 10, 2023, 12:19:26 PM

Ross Gerber Flips on Tesla, Says “They Need to Start Creating Demand”

Tesla’s (Nasdaq: TSLA) unsold stock has Ross Gerber worried. The electric carmaker’s Q1 production and...

Tuesday, April 4, 2023, 02:01:00 PM