Blue origin: Blue Origin, the aerospace company owned by Amazon founder and American billionaire Jeff Bezos, announced Wednesday that it is building a global satellite internet network that could rival Elon Musk's SpaceX-operated Starlink.

According to Anadolu Agency, Blue Origin plans to launch 5,408 satellites into low and medium Earth orbit to establish a network called 'TeraWave.' This network aims to service tens of thousands of enterprise, data center, and government users who require reliable connectivity for critical operations.

Blue Origin stated that the interconnected satellites are designed to provide worldwide internet coverage while transmitting data at faster speeds than competing services. The TeraWave network is expected to offer download and upload speeds of up to 6 terabits per second, with satellite launches projected to begin in the last quarter of 2027.

'TeraWave provides both point-to-point connectivity and enterprise-grade internet access,' the company added. It enables customers to choose throughput and physical presence in response to changes in their needs. Unlike Starlink, which primarily provides internet and phone services to individual consumers, Blue Origin's TeraWave network is designed to cater to data centers, businesses, and government users.