Reliance Drags Nifty Lower After Elon Musk's Oligarch Post on Starlink; Market Cap Falls by Nearly $5 Billion
Musk said Starlink has met India’s requirements as the government defended its satellite licensing rules and said three providers are at broadly the same stage.
- On Thursday, Elon Musk asked if "Ambani is the real boss" of India, questioning why his Starlink satellite network has not received clearance to operate in the country.
- The Ministry defended India's regulatory framework on Thursday as "fair and non-discriminatory," stating that satellite communication providers must comply with "security conditions" before obtaining spectrum.
- SpaceX executive Lauren Dreyer stated Starlink hopes to be operational in India by 2027, noting the company has already built 20 gateway sites across the country.
- Congress leader Rahul Gandhi responded by saying, "Welcome to India, Elon," while Akash Ambani, a non-executive director of Reliance Industries, declined to comment when asked on Wednesday.
- The Ministry noted multiple providers are at "broadly the same regulatory stage" for licensing. Separately, Musk rejected claims that insurgents used Starlink, calling the allegations "Absolutely False.
12 Articles
12 Articles
Amid controversy surrounding the launch of Starlink satellite internet service in India, Elon Musk questioned the Indian telecom industry. Musk questioned the denial of licenses in India, asking, "Is Ambani the real boss of India?" Congress MP Rahul Gandhi has now responded with a sarcastic remark.
Wait till you discover other guy: Rahul Gandhi on Musk's 'real boss Ambani' post
Rahul Gandhi weighed in after Elon Musk questioned why Starlink still lacks approval in India and asked whether Mukesh Ambani was the country's real boss. The exchange sharpened a wider dispute over satellite internet clearances, with the Centre and rival operators saying all players are still awaiting security approvals.
'Welcome to India, Elon': Rahul Gandhi responds to Musk's Starlink remarks
Rahul Gandhi has weighed in on Elon Musk's comments about the hold-up of Starlink's commercial operations in India. Musk voiced his exasperation over regulatory obstacles, suggesting that oligarchs sway the industry. The government swiftly countered, emphasising the fairness of its regulations among satellite operators and underlining the importance of security compliance for safeguarding users and data alike.
‘Is Ambani real boss,’ asks Elon Musk after accusing ‘oligarchs’ of stalling Starlink India launch
Trillionaire Elon Musk on Thursday asked if “Ambani is the real boss” of India amid an online debate about his Starlink satellite internet network not having received clearance to operate in the country.“Starlink is licensed in over 165 countries and has spent five years complying with every single law and requirement of the government of India, so why still no license?” he asked.Musk did not specify which member of the Ambani family he was refe…
Elon Musk names Ambani in Starlink pressure campaign against Indian govt: How the tech billionaire is using 'useful idiots' to turn X into a lobbying weapon
Elon Musk is turning Starlink’s India licensing dispute into a public pressure campaign, using his vast X influence and assorted anti-Modi baiters to challenge the government and accuse telecom rivals of blocking its entry.
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