financetom
Business
financetom
/
Business
/
Poland says it may need alternative to Musk's Starlink in Ukraine
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Poland says it may need alternative to Musk's Starlink in Ukraine
Mar 9, 2025 6:40 AM

WARSAW, March 9 (Reuters) - Poland, which pays for

Ukraine's Starlink internet services, may seek an alternative if

Elon Musk's company proves to be "unreliable", the foreign

minister said on Sunday after the billionaire speculated about

turning off access to the system.

Starlink provides crucial internet connectivity to Ukraine

and its military. U.S. negotiators pressing Kyiv for access to

Ukraine's critical minerals have raised the possibility of

cutting the country's access to the service, sources familiar

with the matter told Reuters in February.

Musk, a high-profile figure in the administration of U.S.

President Donald Trump, said in a post on his X social media

platform on Sunday, that Ukraine's "entire front line would

collapse if I turned it (Starlink) off".

He said he was "sickened by ... years of slaughter in a

stalemate that Ukraine will inevitably lose".

The U.S. government has already revoked some access to

satellite imagery for Ukraine and paused intelligence sharing,

piling pressure on Kyiv as Trump seeks a swift end to the war,

now in its fourth year after Russia's full-scale invasion in

February 2022.

"Starlinks for Ukraine are paid for by the Polish

Digitization Ministry at the cost of about $50 million per

year," Polish Foreign Minister Radoslaw Sikorski wrote on X.

"The ethics of threatening the victim of aggression apart,

if SpaceX proves to be an unreliable provider we will be forced

to look for other suppliers."

Starlink's parent company SpaceX did not immediately reply

to an emailed request for comment outside normal business hours.

Shares in Franco-British satellite operator Eutelsat

soared as much as 650% during the week ending March 7,

due to speculation the company could replace Starlink in

providing internet access to Ukraine.

The shares pulled back on Friday to end the week up around

380%.

Poland said in February that it would continue to cover

Ukraine's Starlink subscription despite sources saying the U.S.

could consider cutting it.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Source Energy Services Up 5.7% as it Partners with Trican Well Service on British Columbia Terminal
Update: Source Energy Services Up 5.7% as it Partners with Trican Well Service on British Columbia Terminal
Jul 26, 2024
12:03 PM EDT, 07/26/2024 (MT Newswires) -- Source Energy Services ( SCEYF ) late on Thursday said it will construct a new terminal in the District of Taylor, British Columbia, with Trican Well Service ( TOLWF ) . The terminal will be unit-train capable and will feature about 55,000 tonnes of storage and more than 12,000 tonnes of daily throughput...
AbbVie's Immunology Products Continue to Deliver, Morgan Stanley Says
AbbVie's Immunology Products Continue to Deliver, Morgan Stanley Says
Jul 26, 2024
12:00 PM EDT, 07/26/2024 (MT Newswires) -- AbbVie ( ABBV ) is expected to deliver mid- to high-single-digit revenue and earnings per share growth through 2030, the second highest in the industry, as its immunology franchise continues to deliver, Morgan Stanley said in a note Friday. The investment firm said that besides its key immunology drug Humira, AbbVie ( ABBV...
Update: Kinsale Capital Shares Jump After Higher Q2 Results
Update: Kinsale Capital Shares Jump After Higher Q2 Results
Jul 26, 2024
12:02 PM EDT, 07/26/2024 (MT Newswires) -- (Updates to add stock move in the headline and the first paragraph.) Kinsale Capital Group ( KNSL ) shares rose more than 12% in recent Friday trading after the company reported Q2 operating earnings late Thursday of $3.75 per diluted share, up from $2.88 a year earlier. Analysts polled by Capital IQ expected...
Apollo Bets $6.3B on Gaming Industry with IGT and Everi Deal
Apollo Bets $6.3B on Gaming Industry with IGT and Everi Deal
Jul 26, 2024
Everi Holdings Inc. , International Game Technology ( IGT ) , and Apollo Global Management, Inc. ( APO ) shares are trading higher today. IGT’s Gaming & Digital business and Everi ( EVRI ) will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo in an all-cash transaction that values the acquired businesses...
Copyright 2023-2025 - www.financetom.com All Rights Reserved