Many of the world's richest men have had rivalry's over their space companies. For example, Elon Musk with SpaceX and Jeff Bezos with blue origin. They are both launching spacecraft and satellites multiple times per year.
Bill Gates who is currently the 4th richest man in the world does not want to put his wealth into the space race but rather focus on what is on Earth, according to Forbes. He also said in an interview that "More basic problems consume his time for now".
Elon Musk has launched starlink satellites to bring connection to remote and poorer places like Africa but Bill Gates said he will focus on curing diseases and other issues.
Gates says that the satellites are a good thing, they can see agricultural improvement and bring connection to remote areas but he will focus on the work on the ground.
Bill Gates will continue to invest in healthcare in Africa and has no aspiration of joining the 'space race'.