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Ukraine seeks new satellite partners after SpaceX limits Starlink use affecting military drones

Market News
23 Oct 2026
CNBC
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Neutral
Ukraine seeks new satellite partners after SpaceX limits Starlink use affecting military drones

After SpaceX imposed speed limits on its Starlink satellite internet service that disrupted Ukraine's military drone operations, Ukraine's Ministry of Defense signed a letter of intent with Finnish companies Nokia and ICEYE to develop new satellite communication capabilities. Ukrainian President Zelenskyy emphasized the importance of reliable, controllable communications for national security. Despite calls from U.S. lawmakers and former President Trump urging SpaceX to lift restrictions, Starlink limitations remain, prompting Ukraine to seek alternatives amid growing global interest and investment in sovereign satellite systems.

Nokia's market capitalization stands at $46.74 billion as of Oct 24, 2026 01:51 WIB, with a dividend yield of 2.07% and a 1-day price increase of 3.62% on Pluang. SpaceX, despite its $1.97 trillion market cap and a 1-day gain of 1.13%, faces challenges as Ukraine seeks alternatives to its Starlink service. The volume for Nokia trades at 205,214,659 shares, reflecting active investor interest during this period.

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