Elon Musk and Jeff Bezos are the two richest people in the world, with Musk clocking in at just over $200 billion, and Bezos just under. Elon Musk’s company SpaceX is currently private but is currently competing with Bezos’s company, Amazon.
The rivalry between the two men has existed for years with Elon Musk’s SpaceX and Jeff Bezos Blue Origin both aiming to revolutionize space flight. Most recently, a new battle has begun on this revolutionary frontier of the future. Specifically, SpaceX has been trying to modify their license for a project called “Starlink”, a massive constellation of internet satellites. With 900 satellites already launched as well as permission granted from the US federal government to launch thousands more satellites to build the Starlink constellation, SpaceX has already made much progress.
More recently, however, SpaceX has wanted to place satellites in a lower altitude than previously planned or authorized. This new altitude placement has created interference with Amazon’s “Project Kuiper”, a similar plan to create a constellation of satellites. Amazon claims SpaceX’s satellites would interfere with signals and pose collision risks.
SpaceX has argued back explaining that because they are much further along in their progress than Amazon they shouldn’t be held back, on the other hand, Amazon argues doing so would end their program before it has a chance to truly begin.
Do you think space has a place to become a stock market sector? And if so, would you invest in it?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.