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 Junior Is Sitting Next to a 3 Million Ounce Neighbor | Regan Isenor – Sylla Gold

A New Gold Giant Is About to Be Born! | Equinox Gold x Orla Mining

This Gold Restart Story Could Be Moving Faster Than Expected | Shaun Heinrichs – 1911

Recommended

Questcorp Wraps Expanded Drone Survey at La Union as Summer Drilling Approaches

Altamira Gold Extends Maria Bonita Footprint with 110 Metre Step-Out

Related News

The Tesla Investor Day That Wasn’t For Investors

Tesla (Nasdaq: TSLA) shares fell more than 5% in after-hours trading on Wednesday following the...

Thursday, March 2, 2023, 09:27:12 AM

EU Targets X For Social Media Law Breach, Elon Musk Deflects: “Other Social Media?”

The European Union has initiated formal infringement proceedings against social media company X over suspected...

Tuesday, December 19, 2023, 04:22:00 PM

Amazon Sidewalk Is Now Open For Developers To Build On

Amazon (Nasdaq: AMZN) has opened up its low-bandwidth network, Amazon Sidewalk, for developer testing.  First...

Wednesday, March 29, 2023, 02:53:00 PM

Canada Reviews Amazon Cloud Contracts After Quebec Warehouse Closures

Canada’s government threatened to review its cloud computing contracts with Amazon.com Inc (Nasdaq: AMZN) after...

Friday, January 24, 2025, 12:07:00 PM

Desalination: Elon Musk Says ‘Its The Solution To The Global Water Crisis’

Last week I was sitting on my couch, eating some bon bons, and watchin Bill...

Tuesday, May 9, 2023, 01:30:00 PM