Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Starlink spectrum deal piles Elon Musk’s plate ever higher

Move may be part of a bigger plan but it spells even more capital expenditure at a company already spending beyond its means

Starlink spectrum deal piles Elon Musk’s plate ever higher

On Friday, US President Donald Trump asserted that neither he nor Elon Musk bore responsibility for Ukraine losing access to Starlink, a satellite service that impacted the country's military operations against Russia. Reuters had reported earlier that the White House had authorized a reduction in Starshield services. Speaking to reporters as he departed from the White House after a trip to Georgia, Trump reiterated that he and Musk were not the cause of Ukraine's Starlink service disruption.

Trump emphasized that any limitations on Ukraine's access to the Starshield system were not imposed by the United States. He further noted that Starshield, developed by SpaceX for government and national-security customers, particularly the US Department of Defense, relies on the Starlink constellation as its backbone. Trump also expressed that he maintains a positive relationship with Ukraine's President Volodymyr Zelenskiy.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at ft.com →

More in Finance & Markets

The Number Changing My View on Nvidia Stock

The company's statement about its revenue sources is arguably a good reason to turn cautious.

  • Nvidia stock shifts from buy to hold due to valuation and concerns
  • Five key customers account for 70% of Nvidia's receivables
  • AI sector risks slowdown if top customers reduce purchases

More from Friday 16 October →