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

Why the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

Silver47 Kicks Off 7,000-Meter Drill Campaign at Nevada’s Hughes Project

CBS News Cuts Staff and Shuts Radio Network in Early Bari Weiss Era

Related News

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

Donald Trump Fires Back, Says He Could’ve Asked Elon Musk To Drop To His Knees And Beg

And so the Donald Trump-Elon Musk social media melodrama continues.  In a not-so-surprising turn of...

Wednesday, July 13, 2022, 10:58:00 AM

Elon Musk To Cough Up $204 Million As Severance To Fired Twitter Execs

Twitter Inc.’s (NYSE: TWTR) top executives are walking away from the company with a big...

Friday, October 28, 2022, 10:29:00 AM

Tech Names Top Layoffs In Past Year As Job Cuts Continue

Tech names are leading the pack of companies who have had massive layoffs in the...

Wednesday, January 18, 2023, 03:01:00 PM

Elon Musk Slips to Third Place in World’s Richest Ranking Following Bitcoin Debacle

It appears that Tesla CEO Elon Musk has slipped to third place in the world’s...

Wednesday, May 19, 2021, 11:02:00 AM