India's Bharti Airtel signs deal with SpaceX to bring Starlink internet in India
India's Bharti Airtel said on Tuesday that it has signed a deal with SpaceX to bring Starlink internet in India.
(Reporting by Kashish Tandon in Bengaluru; Editing by Shounak Dasgupta)
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Arabian Post
a day ago
- Arabian Post
Elon's blood feud with Trump will not gut SpaceX's $350 billion valuation
Matein Khalid I had analyzed SpaceX as a potential 10X winner in the Dubai media circa late 2020 when it traded at a mere $46 billion in the private market and even invited a number of close friends in an investor syndicate after sourcing shares from the Founders Fund in San Fran via the secondary market. Shakespear's Henry V praised the English longbow archers who won him the battle of Agincourt and thus the crown of France as 'we few, we happy few, we band of brothers'. I feel the same way about my SpaceX chums except our band of brothers includes a very noble sister. ADVERTISEMENT Is the 9X fairytale in SpaceX shares over, now that Elon publicly accused Trump of falsehood and even suggested that POTUS-47 was on a Jeff Epstein's Fantasy Island paedo guest list? Not at all, even though Trump has threatened to take away all Uncle Sam subsidies and contracts away from Elon's companies, now that the bromance of the century has gone sour with such a bang. Tesla (TSLA) shares naturally lost $150 billion last night on Nasdaq as TSLA plunged to 295 but a mass market EV car brand with stiff Chinese competition and declining market share cannot remotely be compared to SpaceX – Why? Unlike Tesla, SpaceX has no real technological peer and neither the Pentagon's Space Command nor NASA can or will replace SpaceX just because Trump has fallen out with Elon. America is not yet Russia, where Elon would take a jump from a window or be found with 6 bullets in his head, as happens in every Kremlin routine suicide. True, Wall Street is agog with rumours that the Navy SEAL team that whacked Osama in his safehouse is now rehearsing for even a more secret mission than Zero Dark Thirty to silence Geronimo. Jokes apart, SpaceX is too crucial to US national security, the rocket launch program and Space warfare to do anything but nurture SpaceX and help it grow bigger and richer in the years ahead for my band of brothers and noble sister. SpaceX is gaining market share and key awards and neither Trump nor even Musk can do much to derail its meteoric rise to Silicon Valley superstardom. SpaceX just won a $6 billion contract for 28 rocket launch missions critical to US national security from Space Command. Blue Origin only won a $2.4 billion contract for 7 rocket launches. SpaceX is easily the largest, most reliable, most successful, most technologically advanced space contractor for Uncle Sam and the President can do squat about this cold hard reality. SpaceX is on a roll with the world's top governments and intel agencies apart from USG/Uncle Sugar. After all, SpaceX commercial launch revenue rose by an incredible 56%, the kind of growth I see in a snappy, nappy software unicorn rather than a 20 year old Valley golden oldy that mesmerizes and owns Space, the Final Frontier… Sadly for Trump, Elon is Captain James T. Kirk and naughty even though he gets to yell 'beam me up Scotty' when the going gets tough on FX deal making with President Xi in Beijing. SpaceX is already the most profitable commercial rocket launch business the world has ever seen and its growth curve is not yet over. The FAA allowed SpaceX a five fold increase in rocket launches from its Texas base, now rebranded and incorporated as the City of Starbase. The air war between Indian and Pakistan tell the world's heads of state/spymasters that air battles will be won or lost via satellite based command and control centers, which the Chinese PLA has perfected to an art form. So I expect SpaceX to get some multi-billion dollar mega contracts from India, which is miffed at both Trump and French electronic warfare technologies. So can SpaceX command a $500 billion valuation? To borrow Obama's slogan, yes we can! Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
Khaleej Times
2 days ago
- Khaleej Times
US President Trump warns Elon Musk of 'serious consequences' if he funds Democrats
Donald Trump said on Saturday his relationship with his billionaire donor Elon Musk is over and warned there would be "serious consequences" if Musk funds US Democrats running against Republicans who vote for the president's sweeping tax and spending bill. In a telephone interview with NBC News, Trump declined to say what those consequences would be, and went on to add that he had not had discussions about whether to investigate Musk. Asked if he thought his relationship with the Tesla and SpaceX CEO was over, Trump said, "I would assume so, yeah." "No," Trump told NBC when asked if he had any desire to repair his relationship with Musk. "I have no intention of speaking to him," Trump said. However, Trump said he had not thought about terminating US government contracts with Musk's StarLink satellite internet or SpaceX rocket launch companies. Musk and Trump began exchanging insults this week, as Musk denounced Trump's bill as a "disgusting abomination." Musk's opposition to the measure complicated efforts to pass the legislation in Congress, where Republicans hold only slim majorities in the House of Representatives and Senate. The bill narrowly passed the House last month and is now before the Senate, where Trump's fellow Republicans are considering making changes. Nonpartisan analysts estimate the measure would add $2.4 trillion to the $36.2 trillion US debt over 10 years, which worries many lawmakers, including some Republicans who are fiscal hawks. Musk also declared it was time for a new political party in the United States "to represent the 80 per cent in the middle!" Trump said on Saturday he is confident the bill would get passed by the US July 4 Independence Day holiday. "In fact, yeah, people that were, were going to vote for it are now enthusiastically going to vote for it, and we expect it to pass," Trump told NBC. Republicans have strongly backed Trump's initiatives since he began his second term as president on January 20. While some Republican lawmakers have made comments to the news media expressing concern about some of Trump's choices, they have yet to vote down any of his policies or nominations. Deleted posts Musk has deleted some social media posts critical of Trump, including one that signalled support for impeaching the president, appearing to seek a de-escalation of their public feud, which exploded on Thursday. During his first term as president, the House, then controlled by Democrats, twice voted to impeach Trump but the Senate both times acquitted him. The White House and Musk did not immediately respond to requests for comment on Saturday on the deleted posts. People who have spoken to Musk said his anger has begun to recede and they thought he would want to repair his relationship with Trump. One of the X posts that Musk appeared to have deleted was a response to another user posting: "President vs Elon. Who wins? My money's on Elon. Trump should be impeached and (Vice President) JD Vance should replace him." Musk had written "yes."
Al Etihad
2 days ago
- Al Etihad
Trump says Musk relationship over, warns of 'serious consequences' if he funds Democrats
7 June 2025 22:33 BEDMINSTER (Reuters)Donald Trump said on Saturday his relationship with his billionaire donor Elon Musk is over and warned there would be "serious consequences" if Musk funds US Democrats running against Republicans who vote for the president's sweeping tax and spending a telephone interview with NBC News, Trump declined to say what those consequences would be, and went on to add that he had not had discussions about whether to investigate if he thought his relationship with the Tesla and SpaceX CEO was over, Trump said, "I would assume so, yeah.""No," Trump told NBC when asked if he had any desire to repair his relationship with Musk."I have no intention of speaking to him," Trump Trump said he had not thought about terminating US government contracts with Musk's StarLink satellite internet or SpaceX rocket launch companies. Musk and Trump began exchanging insults this week, as Musk denounced Trump's bill as a "disgusting abomination." Musk's opposition to the measure complicated efforts to pass the legislation in Congress, where Republicans hold only slim majorities in the House of Representatives and bill narrowly passed the House last month and is now before the Senate, where Trump's fellow Republicans are considering making changes. Nonpartisan analysts estimate the measure would add $2.4 trillion to the $36.2 trillion US debt over 10 years, which worries many lawmakers, including some Republicans who are fiscal said on Saturday he is confident the bill would get passed by the US on July 4 Independence Day holiday."In fact, yeah, people that were, were going to vote for it are now enthusiastically going to vote for it, and we expect it to pass," Trump told have strongly backed Trump's initiatives since he began his second term as president on January 20. While some Republican lawmakers have made comments to the news media expressing concern about some of Trump's choices, they have yet to vote down any of his policies or nominations. DELETED MUSK POSTS Musk has deleted some social media posts critical of Trump, including one that signaled support for impeaching the president, appearing to seek a de-escalation of their public feud, which exploded on Thursday. During his first term as president, the House, then controlled by Democrats, twice voted to impeach Trump but the Senate both times acquitted White House and Musk did not immediately respond to requests for comment on Saturday on the deleted posts. People who have spoken to Musk said his anger has begun to recede and they thought he would want to repair his relationship with of the X posts that Musk appeared to have deleted was a response to another user posting: "President vs Elon. Who wins? My money's on Elon. Trump should be impeached and (Vice President) JD Vance should replace him." Musk had written "yes."On Theo Von's "This Past Weekend" podcast - recorded on Thursday as the feud between Trump and Musk unfolded and released on Saturday - Vance called Musk's criticism of Trump a "huge mistake.""I'm always going to be loyal to the president, and I hope that eventually Elon kind of comes back into the fold. Maybe that's not possible now because he's gone so nuclear. But I hope it is," said Vance, describing Musk as an "incredible entrepreneur."Trump named Musk to head an effort to downsize the federal workforce and slash spending, lauding him at the White House only about a week ago for his work as head of the Department of Government Efficiency. Musk cut only about half of 1% of total spending, far short of his brash plans to axe $2 trillion from the federal budget.
