Bezos Vs. Musk Battle Heads To Space: How Amazon Founder Is Taking Tesla CEO On More Directly

Chris Katje

September 03, 2024

The billionaire space race between Jeff Bezos and Elon Musk is intensifying.

What Happened: Project Kuiper, a satellite internet constellation initiative from Amazon.com Inc (NASDAQ:AMZN), secured eight licenses and bought land in New Zealand.

The decision, reported by the New Zealand Herald, coincides with Musk's SpaceX satellite service — Starlink — growing its customer base in New Zealand from 12,000 to 37,000 in 2023.

"The applicant will install and operate telecommunications equipment on the land. The equipment will be used to provide broadband services to customers in New Zealand,” a decision summary from the Overseas Investment Office reads.

Project Kuiper’s satellites can provide broadband access to many regions, but need ground stations, like the ones obtained in New Zealand to operate.

Plans call for Project Kuiper to have more than 3,000 satellites in orbit. Rival Starlink has more than 6,000 satellites in operation and has a significant head start with its first commercial operations dating back to 2019.

Project Kuiper is expected to launch its production satellites in the fourth quarter of 2024 with commercial broadband service launching later in 2025.

Did You Know?

Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool

Why It's Important: The Project Kuiper deal has also led to speculation that Amazon could potentially work with Rocket Lab (NASDAQ:RKLB), which is based in New Zealand and a SpaceX competitor.

Amazon, which Bezos founded in 1994, is also working with United Launch Alliance, a company owned by Boeing (NYSE:BA) and Lockheed Martin (NYSE:LMT) on launch vehicles to get its satellite constellation into low Earth orbit.

Bezos went on to launch aerospace company Blue Origin in 2000.

Project Kuiper's latest news comes as Blue Origin accelerates its own space initiatives. The company's New Glenn-1 launch vehicle is expected to launch Oct. 13 or later as part of a mission with NASA to Mars.

New Glenn is a reusable heavy-lift rocket that will put Blue Origin into deeper competition against SpaceX.

While Blue Origin and Project Kuiper are behind SpaceX and Starlink respectively, the latest news cycle shows that the battle between Musk and Bezos for the space sector could soon be heating up.

The rivalry has led to lawsuits and callouts in the past and could amplify as milestones are reached in the future.

Bezos stepped down from Amazon several years ago and in recent months has taken a more active role with Blue Origin. This move could signal a bigger focus on the space company as his attention has shifted away from Amazon.

Bezos recently gave a tour of the New Glenn factory with Everyday Astronaut, a well-known space sector website and social media account.

The billionaire becoming more involved with Blue Origin could signal the importance of upcoming projects and also come as Bezos looks to ramp up his rivalry with Musk.

Check This Out:

Lawmakers Made Huge Investments This Year. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool

Image: Shutterstock

Recommended

New "Living Missile" to Replace Nuclear Missiles - Ad

Don't Buy Another Stock Until You See This - Ad

My No. 1 Oil Play for 2024 - Ad

Steve Cohen, billionaire hedge fund founder, steps away from trading for Point72 to focus on mentoring and firm growth. His net worth is $14.7B.

Israel has a long history of pulling off complex attacks like the exploding pagers

JERUSALEM (AP) — Hezbollah and the Lebanese government were quick to blame Israel for the nearly used by the militant group's members in an attack Tuesday that killed at least nine people and wounded nearly 3,000 others, according to officials.

A 10,000% Dividend?!?

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Asia Markets Mixed, Europe Advances; Crude Oil Steady While Gold Holds Above $2,600 - Global Markets Today While US Slept

US markets closed mixed on 9/16, with S&P 500 up and Nasdaq down due to tech declines. Asian markets mostly up, Eurozone and commodities rising.

Peter Schiff Says Unlikely That Fed Rate Cuts Will Lower Borrowing Costs, Predicts Rising Mortgage Rates And Dollar Collapse â€” Suggests 100 Basis Points Rate Hike As Cure

Economist Peter Schiff has cautioned that the upcoming rate cuts by the Federal Reserve may not lower borrowing costs, according to a post on X on Monday.

Why Are These Strange "Accidents" Happening All Over America?

Why Are These Strange "Accidents" Happening All Over America? - Ad

Across America, strange "accidents" are happening in greater numbers than ever before. Jets are falling apart, chemicals are spilling, construction workers are being electrocuted -- and no one knows why. In his new exposé, American financial analyst Dan Ferris reveals the silent force behind this trend... why it's destroying this country from the inside... and where all signs suggest it's about to strike next: the U.S. stock market.

Starmer and Meloni holding talks on curbing migrant boats reaching UK and Italy

ROME (AP) — U.K. Prime Minister is meeting Italian in Rome on Monday, as the two very different politicians, from left and right, seek common cause to curb .

Nvidia's AI Surge Powers 25% of S&P 500 Gains in 2024, Makes Co-founder Huang Among Fastest Growing: Report

Nvidia's 166% rise in the past year, along with other Big Techs, is driving the S&P 500. CEO Huang expects strong demand for chips due to AI ambitions.

America's Slow Decline into Hell

America's Slow Decline into Hell - Ad

As Kamala Harris rises to power, her 3-word agenda threatens every American's freedom and financial security. Get the inside scoop and

Teamsters union declines to endorse Trump or Harris for president

WASHINGTON (AP) — The declined Wednesday to endorse or Donald Trump for president, saying neither candidate had sufficient support from the 1.3 million-member union.

Harris-Walz Campaign Targeted By Russian Hackers, Microsoft Threat Analysis Center Notices Shift In Tactics By Attackers

Microsoft has reported that Russian cyber-influence operations are now targeting the Kamala Harris-Tim Walz campaign for the 2024 U.S. presidential election, with Russia, Iran, and China deploying disinformation tactics to affect voter sentiment.

Revealing Index Soars 49% - Smart Investors Are Moving In

Revealing Index Soars 49% - Smart Investors Are Moving In - Ad

The Gold Miners' Index is up 49% in recent months, surpassing even Gold's performance. Yet, ONE stand-out miner has even doubled Gold's historic rally over the last 6 months with room to run as analysts expect it to double from here! Don't miss the young company that has already captured the interest of 40+ investment banks.

The Biden administration will let Alaska Airlines buy Hawaiian Air after meeting certain terms

The Biden administration is letting Alaska Airlines complete its $1 billion purchase of Hawaiian Airlines after the carriers agreed to certain conditions, including maintaining maintain current service on routes between Hawaii and the mainland U.S. where they don’t have much competition.

California governor signs laws to crack down on election deepfakes created by AI

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed three bills Tuesday to crack down on the use of artificial intelligence to create ahead of the 2024 election.

Oil Surge Predicted...But Are You Ready?

Oil Surge Predicted...But Are You Ready? - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Trump Vs. Harris: Vice President's Strong Debate Showing, Taylor Swift Endorsement Do Not Move Needle On Her Poll Numbers As Pollster Cites This Reason

Strong debate performance hasn't translated to strong voter preference for Vice President Kamala Harris, according to a new poll.

Russian President Says Ukraine's Use Of Long-Range Missiles Would Signal That US And NATO 'Are At War With Russia'

Russia, the world's largest nuclear power, is currently revising its nuclear doctrine and considering curbs on major commodity exports.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

Turkey's Spy Chief Meets With Hamas To Discuss Cease-Fire In Gaza: Reports

Turkey's intelligence chief met with Hamas in Ankara to discuss Gaza ceasefire negotiations, as Turkey denounces Israel's assault and conducts intensive diplomacy.

Amazon is requiring workers to be in the office five days a week starting next year

is reverting to its pre-pandemic policy and will require corporate employees to be five days a week starting next year, CEO Andy Jassy said Monday.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Pope Francis Criticizes Both Trump And Kamala Harris For Supporting Abortion, Urges Catholics To Vote For 'Lesser Evil'

Pope Francis expressed concerns over U.S. presidential candidates' positions on abortion and migration, urging American Catholics to vote for the "lesser evil" in the upcoming elections.

DHL sues MyPillow, alleging company founded by Mike Lindell owes $800,000

MINNEAPOLIS (AP) — Package is suing MyPillow, alleging the company synonymous with its founder, chief pitchman and election denier Mike Lindell owes nearly $800,000 for unpaid bills.

4 Cryptos Set to Outperform Bitcoin in 2024

4 Cryptos Set to Outperform Bitcoin in 2024 - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Mohamed El-Erian Warns Markets Have Gone Too Far In Pricing Fed As 'Single Mandate' Central Bank, Highlights Potential Disappointment Awaiting Investors Looking Forward To Rate Cut

Ahead of the Federal Reserve's upcoming rate decision, Mohamed El-Erian has highlighted concerns about the potential for disappointing interest rate cuts due to the Fed's focus on employment.

The Coast Guard will hear from former OceanGate employees about the Titan implosion

U.S. Coast Guard officials investigating the implosion of an experimental watercraft en route to the wreck of the Titanic were scheduled Monday of the company that owned the Titan submersible.

Discover the $2 Stock That Has Institutional Attention

Discover the $2 Stock That Has Institutional Attention - Ad

With a $1.3B market cap and forecasts to grow 2X faster than the sector, dozens of investment banks are betting big. Strong leadership, cash on hand, and a $3 target make it a must-see.

Argentina's President Milei presents 2025 budget, vowing austerity and setting up a showdown

BUENOS AIRES, Argentina (AP) — Libertarian of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country's chronic fiscal deficit and signaled a new phase of confrontation with lawmakers.

OnlyFans Beats Apple, Google, Netflix, And Other Big Tech Companies In Revenue Per Employee: Here's The Down Low

Content-sharing platform OnlyFans has come out on top against big tech companies like Apple Inc., Alphabet Inc.'s Google, Netflix Inc., and others in terms of revenue generation per employee.

2024 Oil Boom

2024 Oil Boom - Ad

There is a much better way to profit from oil in 2024. It's NOT oil stocks, futures, or anything you've likely heard about. In fact, one man used it build a small $1,000 investment into a $100,000 income stream over fifty years.

Elon Musk Reacts As Tesla Makes 100 Millionth 4680 Cells, Enough To Produce Over 73,500 Cybertrucks

EV giant Tesla Inc has made its 100 millionth 4680 cell to be used inside its Cybertruck vehicle, the company said on Saturday.

After Starship Test Flight Is Pushed Back To November, SpaceX Says It 'Takes Longer' To Do Paperwork 'Than It Does To Design And Build' The Rocket: Elon Musk Says 'We Will Never Get Humanity To Mars If This Continues'

After Starship Test Flight Is Pushed Back To November, SpaceX Says It 'Takes Longer' To Do Paperwork 'Than It Does To Design And Build' The Rocket: Elon Musk Says 'We Will Never Get Humanity To Mars If This Continues'

Elon Musk's spacecraft manufacturing company SpaceX on Tuesday pinned regulatory red tape as the cause for delays in the development of its ambitious Starship launch vehicle whose fifth flight test is now expected in late November.

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom

Silicon Valley Billionaires Are Quietly Buying Into What We Call the "Imperium" Boom - Ad

See why Bill Gates, Mark Zuckerberg and Peter Thiel are making huge bets on this breakthrough now.

McCormick's hedge fund days are a double-edged sword in Pennsylvania's Senate race

HARRISBURG, Pa. (AP) — Before he ran for the U.S. Senate in Pennsylvania, was a big name on Wall Street.

Trump Vs Harris: Who Do Russia, Iran And China Favor In 2024 Election? Intelligence Officials Weigh In

U.S. intelligence officials believe that Russia, Iran and China have preferred candidates in this year's U.S. presidential election. Each of these foreign powers has different views on who would best serve their interests.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80%

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Treasury recovers $1.3 billion in unpaid taxes from high wealth tax dodgers

WASHINGTON (AP) — The IRS has collected $1.3 billion from since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden's signature signed into law in 2022.

Boar's Head closing Virginia plant linked to deadly listeria outbreak

Boar’s Head said Friday it’s closing the Virginia plant .

Don't Tell ANYONE About This Altcoin (Until It Pops)...

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

Trump's Campaign Slapped With Lawsuit Threat After Jack White Calls Them 'Fascists'- 'You Should Lose Every Military Family's Vote Immediately!'

Jack White of the White Stripes has condemned Donald Trump's campaign as "fascists" and threatened legal action after an aide used a clip of the band's 2003 hit "Seven Nation Army" in a pro-Trump social media post.

Trending Now