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

SSR Mining Walks Away From a World Class Gold-Copper Project

Why More Canadians Are Starting to Think About Leaving | Jesse Day

Instead of Waiting, This Gold Developer Went Bigger | Kenneth McLeod – Sonoro Gold

Recommended

Amid CBS Shuffle, Is Joe Rogan Replacing Anderson Cooper On 60 Minutes?

Silver47 Targets Resource Growth With 10,000 Metre Red Mountain Drill Program

Related News

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

The X API ‘Leak’ That Didn’t Really Happen

A screenshot claiming to show internal code from X began circulating on the social media...

Friday, July 26, 2024, 03:56:00 PM

Elon Musk Says Neuralink Could Begin Human Trials In 6 Months

The Neuralink ‘show and tell’ event finally pushed through on November 30 after suddenly getting...

Friday, December 2, 2022, 10:53:00 AM

Pulling An(other) Amazon: Walmart Strikes Video-Streaming Deal To Offer Paramount+ To Walmart+ Members

Walmart (NYSE: WMT), America’s leading retailer, has reached an agreement with Paramount Global (NASDAQ: PARA)...

Tuesday, August 16, 2022, 04:39:00 PM

Is Elon Musk Backing Out Of The Cage Fight With Mark Zuckerberg?

Audiences eagerly awaiting THE fight of the year debuting Elon Musk and Mark Zuckerberg may...

Saturday, August 12, 2023, 07:18:00 AM