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Amazon and SpaceX Join Forces in Satellite Internet Race. 📡🛰️🛜 In a surprising collaboration, Elon Musk's SpaceX and Jeff Bezos' Amazon have announced a partnership to propel Amazon's Kuiper Project satellites into orbit. The deal involves launching these satellites using SpaceX's reusable Falcon 9 rockets, with plans for three launches between early and mid-2025. The financial details of the agreement, however, remain undisclosed. The move is part of Amazon's ambitious $10 billion plan to create a satellite constellation rivaling SpaceX's Starlink. Amazon has partnered with Arianespace, United Launch Alliance, and Blue Origin to carry out up to 83 launches, supporting the deployment of its low Earth orbit satellites by the first half of 2024. Elon Musk responded to the news, asserting that SpaceX launches competitor satellite systems fairly and equally. Meanwhile, Amazon's Project Kuiper, a direct competitor to SpaceX's Starlink, aims to provide global broadband internet with the recent launch of two prototypes. The competition intensifies as Amazon and SpaceX, despite their rivalry, opt to collaborate in certain endeavors. Amazon's Kuiper Project aims to deploy over 3,200 satellites within the next six years, challenging SpaceX's Starlink, which already boasts over 4,000 satellites in orbit, with plans for a constellation of approximately 42,000. As these tech giants race to dominate the satellite internet space, the partnership signals a strategic move that could reshape the landscape of global connectivity. The satellite internet industry is becoming increasingly dynamic, with both Amazon and SpaceX striving to offer high-speed internet services to users worldwide. #amazon #elonMusk #JeffBezos #SpaceX #Kuiper

Amazon and SpaceX Join Forces in Satellite Internet Race. 📡🛰️🛜

In a surprising collaboration, Elon Musk's SpaceX and Jeff Bezos' Amazon have announced a partnership to propel Amazon's Kuiper Project satellites into orbit. The deal involves launching these satellites using SpaceX's reusable Falcon 9 rockets, with plans for three launches between early and mid-2025. The financial details of the agreement, however, remain undisclosed.

The move is part of Amazon's ambitious $10 billion plan to create a satellite constellation rivaling SpaceX's Starlink. Amazon has partnered with Arianespace, United Launch Alliance, and Blue Origin to carry out up to 83 launches, supporting the deployment of its low Earth orbit satellites by the first half of 2024.

Elon Musk responded to the news, asserting that SpaceX launches competitor satellite systems fairly and equally. Meanwhile, Amazon's Project Kuiper, a direct competitor to SpaceX's Starlink, aims to provide global broadband internet with the recent launch of two prototypes.

The competition intensifies as Amazon and SpaceX, despite their rivalry, opt to collaborate in certain endeavors. Amazon's Kuiper Project aims to deploy over 3,200 satellites within the next six years, challenging SpaceX's Starlink, which already boasts over 4,000 satellites in orbit, with plans for a constellation of approximately 42,000.

As these tech giants race to dominate the satellite internet space, the partnership signals a strategic move that could reshape the landscape of global connectivity. The satellite internet industry is becoming increasingly dynamic, with both Amazon and SpaceX striving to offer high-speed internet services to users worldwide.

#amazon #elonMusk #JeffBezos #SpaceX #Kuiper

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Billionaires who made the most money in the last year. 🔥👑💰 In a year of remarkable tech advancements, billionaires, especially tech moguls, have seen unprecedented wealth growth. 🔹Mark Zuckerberg (USA) Mark Zuckerberg, Meta's founder, leads with a net worth of $177 billion, soaring $112.6 billion since March 2023, thanks to his strategic investments in AI and the metaverse. 🔹Jeff Bezos (USA) Amazon's Jeff Bezos follows closely with a net worth of $194 billion, marking an $80 billion gain fueled by the robust growth of Amazon in e-commerce and cloud computing sectors. 🔹Jensen Huang (USA) Nvidia CEO Jensen Huang's wealth surged to $77 billion, a $55.9 billion gain, fueled by Nvidia's AI chip market dominance. 🔹Michael Dell (USA) Michael Dell's net worth soared to $91 billion, with a gain of $40.9 billion attributed to increased demand for Dell Technologies' AI servers. 🔹Steve Ballmer (USA) Former Microsoft CEO Steve Ballmer's wealth surged to $121 billion, with a gain of $40.3 billion driven by his tenure at Microsoft and strategic investments in companies like OpenAI. 🔹Prajogo Pangestu (Indonesia) Indonesia's Prajogo Pangestu saw his wealth soar to $43.4 billion, with a gain of $38.1 billion fueled by successful IPOs of energy companies in the Indonesian stock market. 🔹Gautam Adani (India) Despite facing fraud allegations, Gautam Adani's net worth reached $84 billion, with a gain of $36.8 billion driven by the thriving Adani Group across various sectors. 🔹Larry Page & Sergey Brin (USA) Larry Page and Sergey Brin, co-founders of Alphabet, saw their wealth surge with Page's net worth at $114B and Brin's at $110B, rising by $34.8B and $34B respectively, despite Alphabet's share setbacks. 🔹Larry Ellison (USA) Oracle's Larry Ellison rounds up the list with a net worth of $141 billion, experiencing a gain of $34 billion due to increased demand for Oracle's cloud services. #Billionaire #MarkZuckerberg #JeffBezos #JensenHuang #MichaelDell
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Monad Labs Raises $225 Million to Revolutionize Blockchain. 🔥💰 Monad Labs, a rising star in the blockchain arena, recently secured a whopping $225 million investment in a round spearheaded by Paradigm. Joining the fray are notable investors like Electric Capital and Greenoaks, signaling a strong vote of confidence in Monad's vision. The primary objective driving Monad Labs is to pioneer a new era in blockchain technology by developing a formidable layer-1 solution capable of rivaling established players such as Solana and Sui. What sets Monad apart is its innovative approach, aiming to reconstruct Ethereum's blockchain from the ground up while retaining the crucial capability to execute smart contracts. At the core of Monad's strategy lies a relentless pursuit of faster transaction speeds, heightened transaction volumes, and reduced costs compared to existing offerings. Notably, Monad ensures seamless compatibility with the Ethereum Virtual Machine (EVM), empowering developers to effortlessly migrate their Ethereum applications onto the Monad platform. Drawing from their rich background in crafting transaction processing systems for high-frequency trading at Jump Trading in Chicago, Monad's founders identified a pressing need for a more efficient EVM, thus laying the groundwork for Monad Labs. With the infusion of fresh capital, Monad is gearing up to unveil its testnet in the coming months, with plans to launch the mainnet by year-end. The potential applications of high-performance blockchains like Monad are vast, spanning from high-frequency trading to immersive blockchain-based gaming experiences that demand swift and cost-effective transaction processing. Venture capitalists remain optimistic about blockchain's future, especially with Monad Labs at the forefront. Stay tuned for exciting developments as Monad reshapes decentralized innovation. #MON #Monad #EVM #ethereum #MonadLabs
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