Billionaire American entreprenuer, Elon Musk has on Saturday made a fresh announcement that his company would also continue to pay for Starlink satellite internet which is situated in the war-torn Ukraine, a day after suggesting he cannot keep funding the project.
“The hell with it,” the world’s richest man wrote on Twitter. “Even though Starlink is still losing money & other companies are getting billions of taxpayer $, we’ll just keep funding Ukraine govt for free.”
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Musk had made this statement on Friday that SpaceX would not be able to pay and fund for Starlink in Ukraine indefinitely.
And the United States military had also confirmed it was communicating with the billionaire’s company about funding for the key network which was still working for the country.
The discussions had also come up as Musk has been embroiled in public spats with Ukrainian leaders who had been angered by his controversial proposals for de-escalating the conflict, which had also included acknowledging Russian sovereignty over Crimea.
Starlink, which is a constellation of more than 3,000 small satellites in low Earth orbit, has been vital to Ukraine’s communications as it fights against Russia’s invasion and SpaceX has donated some 25,000 ground terminals to Ukraine.
In another report, the controversial deal to buy by Elon Musk may be brought to an end today as the billionaire businessman, would know his fate after stakeholders vote that would either allow or disallow the move.
Africa Today News, New York reports that Twitter Inc. had earlier announced that it had scheduled its special meeting where shareholders would vote on whether to approve Tesla Inc. TSLA Chief Executive Elon Musk’s $44 billion takeover of the company. The meeting would take place today.
Meanwhile, Twitter’s shares dropped by one per cent yesterday on the New York Stock exchange, ahead of today’s scheduled vote.
Twitter had urged shareholders to approve the deal for a takeover at $54.20 per share, after shares closed at $39.34 in July this year.