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The continuous skirmishes between Amazon boss -Jeff Bezos and Telsa boss - Elon Musk can be liken to a cat and rat race. This is also not the first time that Musk and Bezos have sparred, as the two billionaires race to space, on who will be the first to put boots in the moon.
The latest of their sparring is with SpaceX equally owned by Elon Musk planning to expand Starlink into Gen2. Jeff called for the FCC to require SpaceX to submit a new proposal because its proposal offered two options for how it would expand its satellite system, instead of one.
Starlink is part of Musk's vision to build an interconnected internet network with thousands of satellites that would deliver high-speed internet to customers anywhere on the planet. Amazon's satellite-internet subsidiary - Kuiper Systems - has a similar vision, but is expected to take about a decade to fully deploy its planned 3,236 satellites. While the Starlink service is still in beta, the company has over 100,000 users in over 14 countries in the globe so far. Space X has so far launched about 1,740 Starlink satellites to date, and its second generation project has plan to possess at least 30,000 satellites in general.
Amazon's latest complaint against SpaceX is one of many filed by companies affiliated with Bezos. Blue Origin, a space company launched by the billionaire, has filed multiple protests against NASA's decision to select SpaceX over Blue Origin for its project to put boots on the moon. Blue Origin took the matter to Federal court c
alling the NASA decision "unfair".
This continues skirmishes has adverse impact on the market as we keep seeing fluctuations in share values of both companies, which invariably affects shareholders and other market actors due to the panic mood of such share movement.
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The latest of their sparring is with SpaceX equally owned by Elon Musk planning to expand Starlink into Gen2. Jeff called for the FCC to require SpaceX to submit a new proposal because its proposal offered two options for how it would expand its satellite system, instead of one.
Starlink is part of Musk's vision to build an interconnected internet network with thousands of satellites that would deliver high-speed internet to customers anywhere on the planet. Amazon's satellite-internet subsidiary - Kuiper Systems - has a similar vision, but is expected to take about a decade to fully deploy its planned 3,236 satellites. While the Starlink service is still in beta, the company has over 100,000 users in over 14 countries in the globe so far. Space X has so far launched about 1,740 Starlink satellites to date, and its second generation project has plan to possess at least 30,000 satellites in general.
Amazon's latest complaint against SpaceX is one of many filed by companies affiliated with Bezos. Blue Origin, a space company launched by the billionaire, has filed multiple protests against NASA's decision to select SpaceX over Blue Origin for its project to put boots on the moon. Blue Origin took the matter to Federal court c
alling the NASA decision "unfair".
This continues skirmishes has adverse impact on the market as we keep seeing fluctuations in share values of both companies, which invariably affects shareholders and other market actors due to the panic mood of such share movement.
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