Elon Musk and Jeff Bezos Invest In Satellite Space Industry

Two of the world’s richest men, Jeff Bezos and Elon Musk, are attempting in the space industry, with a motto to relinquish the ever-increasing Internet demand.

Earlier this month, Elon Musk’s company, SpaceX, launched its own satellite, first 60 StarLink from Florida.

Although there were complaints from people of sighting different Unidentified Flying Objects (UFOs), he took to Twitter to remove concerns over his project, claiming that his project won’t create “space debris” as people want to believe.

He said:

“There are already 4,900 satellites in orbit, which people notice about 0 percent of the time. Starlink won’t be seen by anyone unless looking very carefully and will have about 0 percent impact on advancements in astronomy.”

Mr. Musk and his company have raised $1 billion for his space project. He is so confident of the project’s success that he predicted that Starlink will generate a whopping $30 billion in revenue annually.

Likewise, Amazon’s founder, Jeff Bezos, has already made his own contributions to the space industry through Blue Origin, his rocket company.

Just recently, Amazon unveiled Project Kuiper, a project that focuses on launching a constellation of satellites.  

Amazon has already planned to launch over 3,000 satellites at different attitudes, ranging from 590km to 630km.

The project is named after a region of the solar system, Kuiper Belt region. The company has the objective of focusing on some parts of the world where fixed-line connectivity and 5G technology are not reaching at the moment.

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