• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 10 hours Energy Armageddon
  • 3 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 min Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 5 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 5 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 5 days The Federal Reserve and Money...Aspects which are not widely known
  • 2 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 6 days Goldman Betting on Cryptocurrencies
  • 9 days Сryptocurrency predictions
  • 14 days Putin and Xi Bet on the Global South
City A.M

City A.M

CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…

More Info

Premium Content

Is SpaceX Blocking Out Rivals In The Satellite Race?

  • The European Space Agency took a jab at SpaceX, suggesting the firm was blocking out rivals in the satellite race.
  • CEO Elon Musk responded, stating that there is room for tens of billions of satellites in Earth’s orbit and his 42,000 would leave plenty of space for competitors.

Elon Musk has urged that there is room for “tens of billions” of satellites in Earth’s orbit, amid concerns that SpaceX is hoarding space for its own.

The European Space Agency suggested that Musk was blocking out smaller rivals in space.

It is not the first time the billionaire has drawn criticism from the agency, as Musk was earlier this month accused of being able to make “his own rules” regarding the final frontier.

However, Musk told the Financial Times: “A couple of thousand satellites is nothing. It’s like, hey, here’s a couple of thousand of cars on Earth — it’s nothing.”  

With orbital “shells” larger than the Earth’s surface, Musk looks confident that the number of his “very tiny” satellites will cause no issue.

“This is not some situation where we’re effectively blocking others in any way,” he added.

“We’ve not blocked anyone from doing anything, nor do we expect to.”

The tech billionaire has already launched 1,700 Starlink satellites into orbit, which will be used for internet connection. Though Musk plans on having a constellation of 42,000 satellites strong.

It follows China filing an official complaint with the United Nations regarding the US’ space etiquette just days ago, after two near-collisions involving SpaceX’s Starlink Internet Services and the China Space Station on July 1 and October 21 prompted the filing.

China’s foreign minister urged the US to act responsibly after it accused it of ignoring its obligations to outer space treaties and putting astronauts in danger.

Related: How Biden’s Energy Agenda Could Send Oil To $100

The China Space Station had to undertake an “evasive maneuver” to avoid collision with one of Starlink’s satellites.

“As the satellite was continuously maneuvering, the maneuver strategy was unknown and orbital errors were hard to be assessed, there was thus a collision risk between the Starlink-2305 satellite and the China Space Station,” the Permanent Mission of China to the United Nations said. 

China’s state-backed Global Times reported that Elon Musk’s SpaceX could be “trying to test China’s capability and response awareness in space”.

By City AM

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Khoi Bui on December 31 2021 said:
    Is SpaceX Blocking Out Rivals In The Satellite Race? That's the article title but it provides no answer but reprints what already out there. complaints from European Space Agency and China. Nice bait!

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News