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Starlink speed limits in Ukraine spark security concerns and calls for alternatives amid Musk controversy.

Market News
22 Oct 2026
CNBC
View Source
Bearish
Starlink speed limits in Ukraine spark security concerns and calls for alternatives amid Musk controversy.

SpaceX CEO Elon Musk ordered speed limits on Starshield satellite internet service in Ukraine, disrupting military drone operations and delaying missions. This move raised national security concerns and prompted U.S. lawmakers to call for investigations, highlighting risks of relying on a single provider for critical communications. Alternatives like Amazon's Leo and France's Eutelsat lag behind Starlink in coverage and capacity, intensifying Ukraine and European efforts to develop independent satellite systems. The controversy underscores the strategic importance of satellite internet in modern warfare and the political risks tied to private control over such infrastructure.

As of Oct 22, 2026 22:22 WIB, SpaceX (SPCX) shares trade at USD 150.75, down 5.36% for the day and closer to their 52-week low of USD 108.27 than their high of USD 202.09, reflecting recent investor caution. In contrast, Amazon (AMZN), a competitor in satellite internet alternatives, holds a higher price at USD 252.27, down 3.85%, but remains nearer its 52-week high of USD 284.02 than its low of USD 198.79. Pluang data shows SpaceX has a shorter typical hold time of 44 days compared to Amazon's 128 days, indicating different investor confidence levels amid the ongoing satellite internet competition.

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