Business · Companies · 10 hrs ago
Musk says Starlink will be affordable in India as it seeks to compete with Jio
Elon Musk says SpaceX will make its Starlink satellite internet service affordable in India.
Starlink is seeking final security clearance to launch there, as is a satellite venture run by Reliance Jio.
Jio is a major telecom provider owned by Jio Platforms, which is targeting a $106 billion valuation in an upcoming IPO.
The offering is set to be India’s largest ever.
Musk did not give a price, while mobile data in India already costs about 7.74 rupees per gigabyte.
He has accused India’s government and Reliance chairman Mukesh Ambani of delaying Starlink’s entry to protect Jio, but the government denies bias and says three satellite ventures are awaiting clearance.
Starlink’s launch and its ability to compete will depend on approval and the prices it sets.
Elon Musk said Starlink would need affordable pricing in India to compete with Reliance Jio.
He did not specify Starlink’s prices for the Indian market.
Musk said competition would give Indian consumers more choices and lower Ambani’s profits.
He has accused India’s government and Mukesh Ambani of delaying Starlink’s entry to favour Jio.
The government denied bias, saying three satellite ventures, including Starlink and Jio’s, were awaiting final security clearance.
Jio Platforms is targeting a valuation of $106bn in an offering described as India’s largest-ever IPO.
- Who
- Elon Musk said Starlink would need affordable pricing in India. Mukesh Ambani’s Reliance Jio is a potential rival.
- What
- Musk said Starlink would need affordable prices to compete, and accused the government and Ambani of stalling its entry.
- When
- Musk made the comments on Saturday, days before Jio’s parent company was set to launch its IPO.
- Where
- India.
- Why
- Musk said competition would give consumers more choices. He has accused the government and Ambani of delaying Starlink’s entry to favour Jio.
Elon Musk
India’s government
Approval process
Elon Musk
Musk accused the government of stalling Starlink’s entry to favour Jio.
India’s government
The government denied bias in its approval process.
Obviously, if Starlink is too expensive in India, no one will buy it, so SpaceX will need to make pricing affordable
The reality is that competition would greatly benefit the average citizen in India by giving them more choices, as it always does. Ambani’s profits will be lower, but he is not going out of business
Musk taunted Ambani, calling him “Prime Minister Ambani” and asking whether he would consider allowing Starlink to compete.
Musk said Starlink would need affordable pricing in India.
Jio’s parent company was set to launch what the article described as India’s largest-ever IPO.
- Jio Platforms target valuation
- $106bn
- Indian mobile data cost
- About 7.74 rupees ($0.08) per gigabyte
- Starlink pricing in India
- Not specified
- Satellite ventures awaiting security clearance
- Three, including Starlink’s and Jio’s
Sources
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