Elon Musk Says Spacex Will Maintain Funding Ukraine for Free Even Although Starlink Is Shedding Cash — $80M Spent so Far – Featured Bitcoin Information

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Spacex CEO Elon Musk says that his firm will “maintain funding” the federal government of Ukraine free of charge though Starlink is shedding cash, noting that it has price Spacex $80 million up to now to supply web terminals and providers to Ukraine. “We’ve additionally needed to defend in opposition to cyberattacks and jamming, that are getting tougher,” Musk careworn.

We’ll Maintain Funding Ukraine for Free, Says Musk

Spacex has been sending Starlink web terminals and offering providers to Ukraine for the reason that onset of the Russia-Ukraine conflict. On the request of the federal government of Ukraine, Musk started supplying the nation with Starlink web terminals in February.

Nevertheless, Spacex’s director of presidency gross sales reportedly despatched a letter to the Pentagon in September, stating that the corporate will not be “able to additional donate terminals to Ukraine, or fund the present terminals for an indefinite time frame.” The Pentagon reportedly confirmed they obtained correspondence from Spacex concerning the funding of the Starlink satellite tv for pc communications product in Ukraine.

Musk tweeted on Oct. 7 explaining that “solely a small share” of the Starlink terminals and providers in Ukraine have been paid for. The Spacex chief revealed:

This operation has price Spacex $80M & will exceed $100M by finish of yr.

Replying to a query on Twitter about how a lot Spacex is spending “for sustaining Starlink in Ukraine,” Musk detailed: “Along with terminals, now we have to create, launch, keep & replenish satellites & floor stations & pay telcos for entry to [the] web by way of gateways. We’ve additionally needed to defend in opposition to cyberattacks and jamming, that are getting tougher. Burn is approaching ~$20M/month.”

Musk additionally shared in a tweet on Oct. 9: “There are ~25k terminals in Ukraine, however every terminal can be utilized to supply an web uplink to a cellular phone tower, so doubtlessly a number of thousand folks might be served by a single terminal.”

Commenting on Spacex being unable to maintain offering free services to Ukraine, Twitter consumer and Tesla investor Sawyer Merritt opined: “Spacex’s request is affordable. Shouldn’t anticipate a non-public sector firm to proceed to fund this free of charge perpetually. Do Lockheed, Boeing, Northrop, and so on do their work free of charge? Spacex was beneficiant in donating what they did they usually’ll fortunately proceed to fabricate terminals with authorities cash.”

Nevertheless, some folks slammed Musk over his firm’s letter to the Pentagon. Musk then tweeted Saturday: “The hell with it … though Starlink remains to be shedding cash & different firms are getting billions of taxpayer $, we’ll simply maintain funding Ukraine govt free of charge.”

Elon Musk Says Spacex Will Keep Funding Ukraine for Free Even Though Starlink Is Losing Money — $80M Spent so Far

It was not instantly clear whether or not the Tesla CEO was being sarcastic or whether or not Spacex intends to proceed offering free services to Ukraine. Responding to a tweet concerning the transfer, Musk clarified: “we should always nonetheless do good deeds.”

Musk defined on Oct. 14 that there’s a “huge distinction” between peace communications and warfront communications. “Starlink is [the] solely comms system nonetheless working at warfront — others [are] all useless. Russia is actively attempting to kill Starlink. To safeguard, Spacex has diverted large assets towards protection. Even so, Starlink should die,” he cautioned. The Spacex boss described in a follow-up tweet: “Web fiber, cellphone traces, cell towers & different space-based comms in conflict areas have been destroyed. Starlink is all that’s left. For now.”

Mykhailo Fedorov, Ukraine’s vice prime minister and the minister of digital transformation, tweeted on Oct. 14: “Undoubtedly, Elon Musk is among the many world’s prime personal donors supporting Ukraine. Starlink is a vital factor of our vital infrastructure.” He additionally shared on Oct. 12:

Over 100 cruise missiles attacked power and communications infrastructure. However with Starlink we shortly restored the connection in vital areas. Starlink continues to be a vital a part of vital infrastructure.

Do you assume Spacex and Elon Musk ought to proceed to pay for the Starlink terminals and providers in Ukraine though they’re shedding cash? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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