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

The Hidden Environmental Cost of Fertilizer | Robin Dow

Could Silver Stay This High? | Joaquín Marias – Argenta Silver

Can Historic Silver Data Turn Into a New Mine? | Rob Macdonald – Equity Metals

Recommended

First Majestic Drills 3.43 g/t Gold Over 24.4 Metres At Jerritt Canyon

Goliath Resources Secures 100% Ownership of Golddigger Property in BC’s Golden Triangle

Related News

Ex-Security Head Discloses Twitter Has Reckless Cybersecurity Policies And Lied To Elon Musk About Bots; CEO Sends Internal Note: “What We’ve Seen So Far Is A False Narrative”

A whistleblower disclosure that illustrates the negligent cybersecurity policies at the company adds an explosive...

Tuesday, August 23, 2022, 02:10:00 PM

Tesla, Musk Sued by Shareholders Over Robotaxi Safety Claims

Tesla (Nasdaq: TSLA) and CEO Elon Musk were sued by shareholders Monday, accused of securities...

Wednesday, August 6, 2025, 03:07:00 PM

X Changes Policy to Now Allow Adult Content

Finally formally living up to its name, X is now officially allowing users to share...

Tuesday, June 4, 2024, 10:49:00 AM

QYOU Media’s Flagship Channel Launches On Amazon Fire TV

QYOU Media (TSXV: QYOU) this morning announced that it has hit a significant milestone, with...

Friday, October 16, 2020, 09:05:48 AM

Tesla’s Elon Musk Picks Fight With Ross Gerber; Blames Fall On The Fed

Tesla’s (Nasdaq: TSLA) fall from grace is resulting in the loss of confidence amongst even...

Thursday, December 22, 2022, 03:28:00 PM