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FAANG Bites: Facebook and Amazon Stocks Rise

FAANG Bites: Facebook and Amazon Stocks Rise
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Bezos and Musk Feud Over Satellite Internet: SpaceX Wants Change in Real Estate Position, Amazon Disagrees

26 January 2021, 9:34 pm EST By The two richest men in the world have reportedly crossed each other s paths with a recent satellite fleet feud. To make things worse, they are taking it over to the U.S regulators as the spike begins to be more serious. As reported by Bloomberg, SpaceX s CEO Elon Musk has asked for permission from the Federal Communications Commission to grant them access to operate at a lower orbit for Starlink communications. Initially, Starlink, a satellite internet constellation that provides internet for users all over the world operates at a higher orbit. Now, plans have changed as SpaceX finds it more efficient to change their real estate position in space.

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