América Móvil

The Issues

Slim Cancels $22 Billion Starlink Order After Musk Outburst

Carlos Slim’s cancellation of a staggering $22 billion in Starlink orders following Elon Musk’s controversial comments is undeniably a major development. The swiftness of Slim’s response—initially canceling a $7 billion order within minutes of Musk’s tweet, and then the entire $22 billion plan an hour later—highlights the gravity of the situation and the immediate impact of Musk’s words. This wasn’t just a financial transaction; it represents a significant blow to Starlink’s expansion plans.

The cancellation signifies more than just lost revenue for SpaceX. Losing América Móvil, a giant telecom company, as a partner across 25 countries is a strategic defeat, handing over significant market share to competitors in China and Europe.… Continue reading

Matt Underwood
News

Musk’s Tweet Costs Starlink Billions in Slim Deal Collapse

Carlos Slim has terminated his partnership with Starlink, opting instead to invest $22 billion in expanding América Móvil’s telecommunications infrastructure over the next three years. This decision follows public tensions between Slim and Elon Musk, including a controversial tweet alleging Slim’s ties to organized crime. The move represents a significant blow to Starlink, costing it a major Latin American partner and billions in potential revenue. América Móvil’s investment redirects planned Starlink projects to Chinese and European companies, impacting not only Starlink’s financial prospects but also the U.S.’s commercial presence in the region.

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John Q. Hosedrinker

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