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Will the Trump-Musk feud derail Starlink's India plans?

Will the Trump-Musk feud derail Starlink's India plans?

India Todaya day ago

The public spat and deepening tensions between US President Donald Trump and SpaceX chief Elon Musk have started showing an impact on Musk's businesses globally. The rising tensions between Trump and Musk have now raised concerns over a possible impact on Starlink's operations in India.Elon Musk's Starlink is set to become the third licensed satellite internet provider in India, joining Bharti's OneWeb and Reliance Jio as key players in the country's expanding telecom landscape.advertisementOn June 5, at an event in Gwalior, Communications Minister Jyotiraditya Scindia confirmed that the government would soon issue the third license to Starlink, after which spectrum allocation will follow, enabling the rapid rollout of satellite-based telecom services nationwide.
Scindia described Starlink's entry as "a new flower in the telecom bouquet," symbolising the evolution of India's connectivity from fixed-line and mobile to broadband and now satellite solutions.
Starlink is set to become the third licensed satellite internet provider in India. (Photo: Getty)
However, the recent developments in the relationship between the US President and Elon Musk seem to have an immediate impact on the speed of the Starlink project in India.advertisementDiplomatic expert on the US, Sanjeev Srivastav, told India Today that the public spat between Trump and Musk could continue and deepen in the times to come, potentially affecting all business projects owned by Elon Musk across the world, including the Starlink project in India.According to the expert, 'The rift between Trump and Musk, which is an example of 'friends turned foes,' is likely to create hindrances in the Indian initiatives with Elon Musk.'The expert added, 'Elon Musk is a businessman, and the Donald Trump administration's decisions were impacting Musk's business interests, especially due to the aggressive tariff policy that has affected his stakes in many countries, including China.'According to sources, the Government of India is also closely monitoring developments in the USA in view of Elon Musk's business stakes in India.Satellite internet is particularly significant for India's underserved and remote areas, where traditional infrastructure like optical fiber or cell towers is difficult or uneconomical to deploy. Starlink's technology, which operates independently of ground infrastructure, will complement existing telecom networks, offering reliable, high-speed internet to villages, schools, healthcare centers, and businesses in rural and hard-to-reach locations.
US President Donald Trump speaks with Elon Musk (R) before departing the White House. (Photo: AFP)
While Starlink is on the verge of launching its satellite internet services in India, having secured a letter of intent from the Indian government, the relationship between Musk and Trump has deteriorated, with public disputes leading to significant financial repercussions for Musk's companies. Tesla's stock, for instance, experienced a substantial drop following threats from Trump to revoke federal subsidies and contracts. SpaceX, Starlink's parent company, could face similar challenges if federal support is withdrawn.According to the expert, while Starlink's launch in India appears imminent, the unfolding political dynamics between Trump and Musk, coupled with domestic regulatory challenges, could influence the project's trajectory.Must Watch

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UK Foreign Secretary David Lammy in New Delhi, to meet PM Modi, EAM
UK Foreign Secretary David Lammy in New Delhi, to meet PM Modi, EAM

United News of India

time36 minutes ago

  • United News of India

UK Foreign Secretary David Lammy in New Delhi, to meet PM Modi, EAM

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Did This Mysterious 'X' Account Stop Elon Musk And Donald Trump's Ugly Spat?
Did This Mysterious 'X' Account Stop Elon Musk And Donald Trump's Ugly Spat?

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Did This Mysterious 'X' Account Stop Elon Musk And Donald Trump's Ugly Spat?

Last Updated: A mysterious account was hailed as hero for possibly saving space explorations after Elon Musk exploded on US President Donald Trump and threatened to decommission Dragon aircraft. An X account with barely any followers is being hailed as a hero for possibly helping Elon Musk cool down during his ugly spat with Donald Trump. For the uninitiated, the two powerful men had a dirty public fallout after the US President publicly criticized the world's richest man and his former pal at a White House press briefing, backing legislation that could severely impact the electric vehicle industry. Musk owns Tesla. This did not sit down well with the Teslaman for obvious reasons. Logging into the website he owns, Musk took to X and responded to the President he sounded 'ungrateful" after the techie backed Trump both strategically and financially during the 2024 US Presidential elections. One thing led to another and Musk had a meltdown of epic proportions online for the world to witness. Several political and personal attacks were directly aimed at Trump but at some point in the day, Musk had a divine intervention. A Shame An X user who goes by the handle @Fab25june responded to one of Musk's (deleted) posts stating that the Tesla chief had to stop the back and forth. The unknown X user was responding to Musk's threat to 'decommission" SpaceX's Dragon spacecraft that carries astronauts and essential supplies to the International Space Station. For context, Musk's post was in response to Trump's threat to chop federal contracts with his companies. The X user, tired of the standoff between the two powerful men, came in to save the day. 'This is a shame this back and forth. You are both better than this. Cool off and take a step back for a couple days," the user wrote. Musk, realising that his retaliation could have a major impact on space exploration with NASA being directly affected by his actions, took a breather and called it a day. 'Good advice. Ok, we won't decommission Dragon," a humbled down Musk wrote in response. (X Screengrab) 'Saviour Of Space Exploration" As news websites across the globe reported about Musk dropping the insane plan of decommissioning the Dragon spacecraft, folks on the X platform quietly thanked the soul for possibly saving the future of space travel. Shoutout to this guy with 17 followers for saving space exploration — greg (@greg16676935420) June 6, 2025 'Never think your voice doesn't count," wrote one. 'Haha oh man. This is why I decided to mostly ignore today's drama and come back to see what filters out. Good on Alaska." 'This man really walked into the Elon drama like: 'Guys, stop fighting" — and they DID." The account, for obvious reasons, experienced a massive jump in its followers count, taking them from a couple of hundred followers to over 6K in a single day. Also Read: 20 Memes On 'X' That Sum Up Elon Musk-Donald Trump's Messy Public Breakup Meme Day Friday turned into a meme day as users on 'X' grabbed their tubs of popcorn and watched the two most powerful men of the US battle it out in the mud. The funniest possible outcome is definitely Trump deporting him.— Franklin Leonard (@franklinleonard) June 5, 2025 This is the day I knew the relationship wouldn't last. — Alex Cole (@acnewsitics) June 5, 2025 today is the greatest day in american political history and I don't think it's even close— america's laziest lounge singer (@KrangTNelson) June 5, 2025 What's Cooking? Musk seems to have cooled down or that is what his current social timeline suggests. 'Fair enough," Musk responded to a video of Trump stating that he would look at Tesla chief's contracts and treat the tech mogul fairly. 'We'll take a look at everything. He's got a lot of money. He gets a lot of subsidy, so we'll take a look at that only if it's fair for him and for the country. I would certainly think about it yeah but it has to be fair," Trump said. top videos View all Upon being asked if he was thinking about Musk, Trump said that he was caught up with 'China", 'Russia", and 'Iraq" but wished Musk well. Responding to the video, Musk wrote: 'Likewise". About the Author Anurag Verma Anurag Verma, News Editor at works independently for the Viral section. Bollywood, Cricket, Science, Tech, YouTube, Reddit, Meme Origins and everything Pop-culture are his forte. He covers More Get Latest Updates on Movies, Breaking News On India, World, Live Cricket Scores, And Stock Market Updates. Also Download the News18 App to stay updated! tags : donald trump elon musk Location : New Delhi, India, India First Published: June 07, 2025, 13:06 IST News explainers Did This Mysterious 'X' Account Stop Elon Musk And Donald Trump's Ugly Spat?

Nifty 50 closes above 25,000 mark this week: Where is it headed next?
Nifty 50 closes above 25,000 mark this week: Where is it headed next?

Mint

time42 minutes ago

  • Mint

Nifty 50 closes above 25,000 mark this week: Where is it headed next?

Indian stock market: Indian stocks closed with impressive gains on Friday, driven by the RBI's dual boost—a 50 basis point reduction in the repo rate and a 100 basis point cut in the CRR—which lifted hopes for stronger credit demand and a rebound in domestic economic growth. Markets remained in a consolidation phase for the third straight week but still posted gains of nearly 1%, supported by positive domestic factors. After trading within a narrow range for most of the week, benchmark indices rallied sharply on Friday, ending near their weekly highs. The Nifty 50 and Sensex ended the session on a strong note, both rising by more than 1%. The Nifty 50 advanced 252 points, or 1.02%, to settle at 25,003, while the Sensex climbed 443 points, or 1%, closing at 82,188. 'The stock index has moved up sharply following a bazooka policy move by the RBI. It closed above the 25,000 mark after several sessions, indicating a surge in optimism among market participants. Typically, a rally followed by consolidation often results in an upward breakout, and this time too, we expect Nifty to break out above the recent consolidation range,' said Rupak De, Senior Technical Analyst at LKP Securities. According to Ajit Mishra – SVP, Research, Religare Broking, the Nifty has once again approached the upper band of its prevailing consolidation range of 24,500–25,100. Mishra further added that a decisive breakout above 25,200 would mark the beginning of a fresh uptrend, with potential to gradually move toward the 25,600–25,800 zone. On the downside, the 24,400–24,600 range is expected to act as a strong support zone during any corrective phase. ' With the RBI's rate cut and dovish commentary acting as strong tailwinds, we maintain our positive outlook on the markets and suggest continuing with a 'buy on dips' strategy unless the Nifty decisively breaks below 24,600. However, investors should remain selective and focus on fundamentally strong stocks in sectors such as banking, auto, and real estate, which are poised to benefit from lower interest rates. Other sectors may contribute on a rotational basis,' Mishra said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

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