Mexican billionaire Carlos Slim has officially severed ties with Elon Musk’s Starlink, opting to invest in his own telecommunications infrastructure rather than relying on Musk’s satellite technology.
Slim’s company, América Móvil, announced a massive $22 billion investment over the next three years to enhance its network, signaling a major strategic shift in Latin America’s telecommunications industry. The decision is expected to deliver a financial blow to Starlink, which had anticipated a profitable partnership in the region.
Tensions between the two business moguls reportedly escalated after Musk shared a controversial tweet implying Slim had connections to organized crime. Within minutes of the post, Slim canceled all collaborations with Starlink in Latin America, causing Musk to lose an estimated $7 billion.
— Elon Musk (@elonmusk) January 23, 2025
Shortly after, Slim announced plans to redirect his five-year Starlink projects to European and Chinese companies, further diminishing the U.S.’s commercial presence in the region.
That’s great! Fuck Elon Musk.