When Elon Musk welcomed Donald Trump in the US Congress yesterday, the split policy of South African rivals opened new doors in Europe.
Musks role in the White House had already been associated with Tesla sales and stock tanking. Now the effects seem to have spread to SpaceX.
The Fallout focuses on the company's Starlink satellite service.
The network has made an important communication system available to the Ukrainian military since Russia's full invasion began in 2022. The concerns now grow that the service could be interrupted soon.
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According to Reuters, US officials recently recorded the view of the access of Kyiv to Starlink. Musk, the CEO of SpaceX, referred the report. Nevertheless, his control over the connectivity of Ukraine has led to a growing alarm. The fears have escalated when he and Trump have become increasingly critical of the government of the country.
In the middle of the increasing tensions, European satellite internet providers have proposed to replace Starlink with their own systems.
Europe's rivals to Starlink and Tesla
On Tuesday, the Franco British rival Eutelsat said that he was talking to the EU about the expansion of the Internet service to Ukraine. At the end of the day, the company's shares rose by 77%.
When the stock stormed, the French satellite company Thales fired another obvious warning of Starlink. Speak on Tuesday with a result -Briefing, Thales CEO Patrice Cain pointed out the risks of governments that rely on certain network providers.
“Government actors need reliability, visibility and stability.” Said Caine. “A player who – as we have seen from time to time – does not mix the way of economic justification and political motivation that would calm certain clients.”
Similar concerns have been awakened about Musk's effects on Tesla. The Swedish EV manufacturer Polestar used the setback from his political steps and offered Tesla owners a discount for rental contracts for the latest SUV.
Jordan Hofmann, Sales manager for Polestar US, said the answer was “incredible”.
“This week he saw some of the highest order for Polestar 3,” he wrote on LinkedIn.
Now concerns about Starlink may have created another opening for Musk's competitors.
