Blue Origin, the rocket company founded by Jeff Bezos, announced plans to launch over 5,400 satellites by the end of 2027 to create a new communications network called TeraWave, directly challenging Elon Musk's Starlink in the satellite internet market, according to multiple news sources. TeraWave aims to provide continuous, high-speed internet access to businesses and governments globally.

The TeraWave network intends to offer faster data transmission speeds than Starlink, which is currently the dominant player in the satellite internet sector. However, even with the planned launch of thousands of satellites, Blue Origin would still have fewer in orbit than Starlink, according to the BBC.

While TeraWave will focus on providing data services to businesses and governments, Amazon's Project Kuiper, also backed by Bezos, will compete in the same arena, focusing on individual customers, according to reports. Both initiatives signal Amazon's broader ambition to establish a significant presence in the burgeoning satellite internet market.

Blue Origin stated that TeraWave will offer the ability to move large amounts of data much more quickly than rival services. The company aims to provide continuous internet access around the world.

The announcement positions Blue Origin as a direct competitor to SpaceX's Starlink, which also offers internet and phone services to individual customers. The satellite internet market is becoming increasingly competitive, with multiple players vying for a share of the global market.