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Elon Musk accuses Indian oligarchs of blocking Starlink's launch, sparking regulatory dispute.

Market News
08 Oct 2026
TechCrunch
View Source
Bearish
Elon Musk accuses Indian oligarchs of blocking Starlink's launch, sparking regulatory dispute.

Elon Musk has accused unnamed Indian oligarchs, implicitly questioning Mukesh Ambani's influence, of blocking SpaceX's Starlink satellite internet launch in India. Despite Starlink's years of regulatory compliance and partnerships with major telecoms like Reliance Jio and Bharti Airtel, it has yet to start commercial services due to ongoing security assessments and licensing delays. The Indian government denies favoritism, stating all satellite operators are at similar regulatory stages. Starlink aims to provide affordable, high-speed internet to underserved areas, but the launch timeline remains uncertain amid these disputes.

Elon Musk's dispute over Starlink's India launch provides context for technology sector activity on Pluang. For readers following technology stocks, here is Pluang's market snapshot as of Oct 08, 2026 22:12 WIB: Of 150 priced Technology-sector US stocks, 57 rose and 91 fell today. Notable movers include IREN at USD 36.36 with a 1-day change of -6.02% and a typical hold time of 27 days, BTDR at USD 9.82 down 5.58% with a 16-day hold, and SWKS at USD 79.27 down 4.99% with a 50-day hold time. Pluang order activity shows mixed buying and selling interest across these names.

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Societe Generale reports 739 million shares and 821 million voting rights as of Sept 30, 2026.

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As of September 30, 2026, Societe Generale's share capital consists of 739,264,232 shares with a total of 821,169,560 voting rights. The bank highlights its strong global presence with 110,000 employees serving 27 million clients across 58 countries....

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