Musk says SpaceX can not fund Starlink in Ukraine ‘indefinitely’ immediately after report he questioned Pentagon to fork out

Musk says SpaceX can not fund Starlink in Ukraine ‘indefinitely’ immediately after report he questioned Pentagon to fork out


Elon Musk stated that his corporation SpaceX can not fund the Starlink service in Ukraine “indefinitely.”

Michael Gonzalez | Getty Illustrations or photos Information | Getty Visuals

Elon Musk stated Friday that SpaceX simply cannot continue fund Starlink terminals in Ukraine “indefinitely,” right after a report proposed his area exploration enterprise had requested the Pentagon to go over the expenditures.

SpaceX’s donated Starlink world-wide-web terminals have been critical in retaining Ukraine’s armed forces on the internet in the course of the war towards Russia, even as conversation infrastructure will get ruined.

Past 7 days, Musk tweeted that the operation has value SpaceX $80 million so considerably, and will exceed $100 million by the close of the 12 months.

On Friday, the billionaire, who is also CEO of Tesla, said SpaceX simply cannot fund the existing procedure “indefinitely” and ship several thousand a lot more terminals that have high info utilization.

It follows a CNN report that SpaceX explained to the U.S. governing administration it could no longer fund Starlink expert services in Ukraine. The report cited documents obtained from the Pentagon and stated SpaceX is asking the U.S. govt shell out for the terminals as an alternative.

The letter from SpaceX to the Pentagon claimed that Ukraine’s use of Starlink could price shut to $400 million about the following 12 months, according to the CNN report.

In a individual tweet Friday, Musk appeared to affirm that SpaceX was exiting Ukraine in some variety, replying to a Twitter write-up that referenced the Ukrainian ambassador telling Musk before this thirty day period to to “f— off.”

“We are just following his recommendation,” Musk replied.

The SpaceX founder drew the ire of Ukrainian politicians when he posted a Twitter poll gauging guidance for what he claimed was a most likely result of the Russia-Ukraine war.

A spokesperson for SpaceX was not quickly out there for comment when contacted by CNBC.



Source

CoreWeave’s revenue more than doubles as AI buildout expansion accelerates
Technology

CoreWeave’s revenue more than doubles as AI buildout expansion accelerates

Michael Intrator, co-founder and chief executive officer of CoreWeave, center, appears at the Nasdaq MarketSite in New York on March 28, 2025. CoreWeave raised $1.5 billion in its initial public offering, a downsized deal that reflects how stock market volatility is hurting demand for even highly anticipated listings. Michael Nagle | Bloomberg | Getty Images […]

Read More
Nvidia CEO’s ask of Taiwan Semi means more upside for this portfolio stock
Technology

Nvidia CEO’s ask of Taiwan Semi means more upside for this portfolio stock

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 jumped nearly 1.5% on Monday, as House members were called back to Washington to vote on a Senate deal to […]

Read More
Ripple Labs is conquering crypto. Now the XRP-linked firm wants to take on traditional finance
Technology

Ripple Labs is conquering crypto. Now the XRP-linked firm wants to take on traditional finance

Ripple Labs has become one of the world’s largest cryptocurrency companies, but executives aren’t stopping there, CEO Brad Garlinghouse told CNBC. Over the past year, the firm has ramped up efforts to bridge the Web3 world and an industry that has long been viewed as its foil — traditional finance. In an interview with CNBC’s […]

Read More