Elon Musk claims that major Indian telecom companies, Reliance Jio and Bharti Airtel, are blocking the launch of SpaceX's Starlink satellite internet service to maintain their market dominance. Despite memorandums of understanding signed last year, Starlink has yet to launch in India amid regulatory and competitive challenges. Musk argues that Starlink would provide affordable, high-speed internet to underserved populations, while Indian regulators have expressed security concerns. The situation highlights the struggle between new technology entrants and established telecom monopolies in India.
Elon Musk's dispute over Starlink's India launch offers context for technology stocks. Of 150 priced Technology-sector US stocks on Pluang, 58 rose and 90 fell as of Oct 08, 2026 09:31 WIB. Notable movers include NBIS at USD 238.75 with a -4.41% change and STM at USD 56.20 with a -4.29% change.
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