Jeff Bezos Gives Elon Musk’s Starlink Internet A Vote Of Confidence

wccftech.com:

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

SpaceX's Starlink satellite internet constellation - the only one that uses thousands of small satellites placed in low Earth orbit (LEO) has also made it on its rival firm's founder, Jeff Bezos. Bezos, whose Amazon is gearing up to launch satellites for the Kuiper satellite internet constellation, is using Starlink for internet connectivity on his yacht, according to images shared on social media. His choice is unsurprising since in just a handful of years after being made available for public use, Starlink is a regular feature on airplanes, ships and other vehicles due to its ability to ubiquitously beam the Internet down to Earth regardless of the location of the user.

Jeff Bezos Installs Multiple Starlink Dishes On His Yacht As Kuiper Waits To Launch Satellites

While SpaceX's Starlink isn't the first company to have developed a low Earth orbit (LEO) satellite internet constellation, it is the first that has managed to become a commercial success. Launching satellites before the Falcon 9 rocket disrupted the industry was a costly and time-consuming endeavor. Firms that hoped to target this market, including one backed by Microsoft billionaire Bill Gates, often had to earmark a substantial amount of capital to launch just a few satellites into space.

Related Story Elon Musk Initiates the Process To Move Tesla’s State of Incorporation to Texas After Setbacks in Delaware

On the other hand, SpaceX has managed to build a satellite internet constellation of thousands of satellites by successfully alleviating the low cost and rapid re-usability of its Falcon 9 rocket. Most of a Falcon 9's launch manifest for a calendar year is filled with Starlink launches, and SpaceX has ended up reusing multiple boosters more than a dozen times to reduce costs as much as possible.

At the same time, the Starlink dishes that form the backbone of its