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.
John Q. Hosedrinker