Blue Origin announces satellite internet network to compete with SpaceX

Jeff Bezos's space company, Blue Origin, has announced plans to build its own global satellite internet network. The project, named TeraWave, aims to be operational by the end of 2027 and would directly compete with Elon Musk's Starlink service, which is run by SpaceX.

In related news, SpaceX has reportedly lined up four Wall Street banks for a potential blockbuster initial public offering (IPO) in 2026. This move is seen as a major financial step for the company as it continues to expand its Starlink constellation and other ventures.