Summary

Carlos Slim’s telecom giant, América Móvil, canceled $22 billion in planned Starlink orders after Elon Musk insinuated Slim had ties to drug cartels.

The decision, made within hours of Musk’s tweet, costs Musk his main partner in 25 countries and shifts business to Chinese and European competitors, further reducing U.S. commercial influence.

Musk’s increasing political entanglements and conspiracy-laden posts are alienating key business partners and consumers, with potential ripple effects on Tesla sales.

  • Baguette@lemm.ee
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    1 day ago

    Carlos also cancelled a more immediate $7 billion business plan with Starlink, which makes it closer to 30 billion lost.

  • Kazumara@discuss.tchncs.de
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    1 day ago

    I have some doubts. Only small or weird outlets have any news on this and there is no good original source linked anywhere.

    The Canadian Press explains a potential path by which this claim could have arisen, namely that Slim’s company América Móvil had stated in an earnings call that they were going to invest 22 billion pesos (! not USD) in infrastructure over three years and they didn’t have plans to invest it in Starlink, instead looking more towards two other satellite companies, and only for rural backbones where laying fiber would be more expensive.

  • gon [he]@lemm.ee
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    2 days ago

    It’s nice that Elon is getting hit where it hurts. Hopefully the EU benefits from this.

    • Sato@lemm.ee
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      2 days ago

      Hopefully. For all the tragedy of his presidency, Orange Menace actually brought endless opportunities for us to unite and become properly Independent.

      • in4apenny@lemmy.dbzer0.com
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        2 days ago

        Am I the only one that’s not worried about the future? As a non-American I mean, it feels like we’re about to have more global unity and prosperity entirely at the expense of America, whereby it’ll become the futures new “No Man’s Land” of proxy-wars, weapons testing, and religious fundamentalism to satiate the MIC while everywhere else gets to make new trade partnerships and are free to explore more political possibilities without having to pay their dues to Uncle Sam.

        Maybe i’m being too optimistic, but it sorta feels like the winds are blowing towards a new global alliance of Europe and NATO teaming up with China, purposefully excluding and at the expense of Russia and USA. Feels like the Cold War superpowers have both lost, Russia successfully defeating USA but not without collapsing themselves too. Almost as though this war in Ukraine was just part of the mechanism to collapse the USA/EU Atlantic alliance, and the war can only be over once Russia and USA are through.

        • barneypiccolo@lemm.ee
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          1 day ago

          You are forgetting that China and Russia are friends, and always have been. Sure, they have their dust-ups, but it’s never serious. Last summer they were having combined wargames along the Alaska/Canadian coast, and Russian and Chinese jets flew close enough to have our air command nervous. At the same time Russia was touting their alliance with North Korea.

          I think the US will leave NATO, but NATO will not align with China. Instead, there will be a new alliance, and America will join Russia, China, North Korea, and a few others (Saudi Arabia, Iran, Hungary, Turkey, etc.) in a new Axis Of Evil.

          • Carrolade@lemmy.world
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            I don’t know where you get your info, but China and Russia have a frenemy relationship, a friendly rivalry, basically. This goes back to Stalin’s limited support for the CCP in their early days, or even before when the Russian Tsar conquered huge swaths of land from the Qing Dynasty during their Century of Humiliation, about the time when we Americans were busy having our Civil War. We see it to this day, where China could have a huge and decisive effect on the Russo-Ukrainian War if they wished and fully threw in with Russia, but instead are happy to sit back and war profiteer while Russia takes heavy loses and the West spends money instead of making it.

            Then Iran and Saudi Arabia are archenemies. Iran is a Shia-majority theocracy, SA is a Sunni-majority secular monarchy with a history of persecuting Shias, and even warming up to Israel before Oct 7th. They have a long history of conflict.

            Not sure how Turkey gets on the list either, Turkey has consistently played both sides, always being in it for Turkey. I don’t see the benefit for them to actually pick a side, thus losing their benefits from the other. We see this clearly, again, in how they’ve approached the Russo-Ukrainian War. Like cozying up to Putin, but hey, have some free Bayraktars, Ukraine!

            I know a lot of people put a lot of effort into trying to make it seem like a real WW3 with fairly even sides is plausible in the near future, but it always requires a lot of cherry picking and ignoring realities for them to spin their stories together.

          • in4apenny@lemmy.dbzer0.com
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            I’m likely not well informed enough to know for sure, but from what I’ve been gathering is that China Russia relations are more or less based on weapons deals while otherwise remaining neutral and shakey at best. As in they’re sort of “fair weather friends” but I think China has a better future in weapons deals with a United Europe and a collapsing USA and Russia Vs. a future with a collapsing Russia and the likes of Iran or Hungary (Turkey is NATO btw). China certainly wouldn’t approach Europe with a deal, but rather I feel like China is in the position to choose between deals that are coming to them, and while China is certainly not an ideal Big Daddy I feel like they’d do a better job at overseeing more peaceful relations with themselves on top instead of America. Iran and North Korea would get a better deal out of it too than this new Axis of Evil you’re proposing. Everyone just wants USA to collapse so they can get on with their countries without USA’s meddling interference schemes and paying dues to Uncle Sam, that alone would placate a lot of these “Evil Countries” to be more willing and able to be less “evil”. It’s not a solution but it’s progress.

            AGAIN i’m most likely wrong, would like to be enlightened further if anyones got some good reads/vids for me.

        • Sato@lemm.ee
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          That is a bit too optimistic, though only by a little. China is still an immoral authoritarian state, and the EU should definetly not overdo any possible deals with them, as not to get dependant on yet another bully. The cheeto man may still straight up team up with his russian overlords and try to screw us in the butts. However, if we play the cards right, stay united, and keep russian-funded politicians away from our parliments, we just might come up on top.

          • in4apenny@lemmy.dbzer0.com
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            China is still an immoral authoritarian state, and the EU should definetly not overdo any possible deals with them, as not to get dependant on yet another bully.

            Unfortunately I feel like this is unavoidable, but isn’t China a lesser evil? I mean instead of doing what USA is doing by foreign meddling and destabilizing for profit, China is actually making proactive relations to help build up countries (for profit) rather than exploit them, China Africa relations for instance. I also think the China Africa relations is a huge factor that isn’t considered enough, as China certainly offers a better deal for Africa than America or Russia’s Wagner gold-mine psychos are offering. USA and Russia appear to be in the business of isolating themselves and will suffer for it like every country in history does. Iran and North Korea could be placated by better trade agreements that could be facilitated by China. Africa is rising fast, thanks to China’s help. China’s rising fast, and are building more positive relations than negative. Even their politics and social progressiveness is becoming less authoritarian, and is currently a more progressive place than America is. Europe has a better chance of being more progressive under China than it has been under America. Again, I agree that China isn’t ideal and is certainly a bully, they just simply offer a better deal.

            The cheeto man may still straight up team up with his russian overlords and try to screw us in the butts. However, if we play the cards right, stay united, and keep russian-funded politicians away from our parliments, we just might come up on top.

            100% agree, but in our current reality of being a global digital village Europe can’t just unite amongst themselves to be part of the future, they have to make relations with everyone. The geopolitical landscape is moving at breakneck speeds right now, it’s fascinating to watch, mostly because now more than ever it looks like anything is possible (for better or for worse.) If I were to think about what’s in Europe, China, Middle East, and Global South’s best interests are is to unite in a way that was previously impossible due to America Russia tensions. Whether it be a new Russia/USA Axis, an isolated USA and/or Russia, or both (which I believe without confidence is happening just looks that way) it is in everyones best interest to create a new global partnership without USA and Russia, at the expense of USA and Russia.

            • Sato@lemm.ee
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              1 day ago

              Nicely put. I would just add that while China is indeed a lesser evil at the moment, so was the USA once. Being dependant on anyone WILL come back and bite the Union in the ass every single time. Might take 10 years, might take a 100, but it will. I would advise extreeme caution.

      • barneypiccolo@lemm.ee
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        1 day ago

        That’s an excellent point. Trump is replacing all the competent people with loyalists, without remembering a basic fact: It is better to keep your potential enemy inside the tent pissing out, than outside the tent pissing in.

        All he has done is force all of his most competent leaders to join the opposition, as well as tens of thousands of inside operatives who are now unemployed, but know better than anyone how the system operates. There are are also a lot of people still on the inside, who hate what has happened to their workplace and their colleagues, and won’t be so compliant. They’ll be perfect moles for any espionage/sabotage.

        Eventually they’ll get organized, and it will be the competent, motivated Patriots against the treasonous MAGA morons.

      • gon [he]@lemm.ee
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        2 days ago

        Well, Amazon isn’t exactly great for the EU, but at least it’s not Elon, IG…

        • Pennomi@lemmy.world
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          2 days ago

          Billionaires trying to preserve the status quo are far less dangerous than billionaires trying to disrupt it.

          • wjrii@lemmy.world
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            2 days ago

            Damning with faint praise, but you’re not wrong. No billionaire getting stuck-in like Musk is doing it to make the world a better place for anyone else, and no one except autocrats and accelerationist wackos should be pleased with how things have changed in the last 6 months.

          • gon [he]@lemm.ee
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            1 day ago

            So? No billionaires at all are better than both cases. Bezos is evil too, any investment going towards him is terrible to. It’s better than Elon, but all this is terrible. Also, Bezos is not trying to preserve the status quo, he’s only trying to protect himself and his pockets, that’s all.

            • Pennomi@lemmy.world
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              Nowhere did I claim that billionaires are good. I’m saying which type are the most dangerous.

              It’s like saying “which tiger is more dangerous, the hungry one or the hungry AND rabid one?” Obviously both are existential problems to us, but one is still worse the others.

              • gon [he]@lemm.ee
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                Nowhere did I claim that billionaires are good.

                Of course, nor did I mean to imply you did so!

                I do get your point, and, on the surface level, I agree. However, I think it’s an inferior analysis of the situation.

                Take your tiger metaphor; naturally, the rabid and hungry one is the most dangerous. Nevertheless, as you pointed out, they are both existential problems. I simply can’t celebrate, be satisfied, or even be appeased by the knowledge that we’re harbouring a hungry tiger, no matter what hungry and rabid tiger we may avoid by doing so. That’s my point.

                It does seem we’re on the same page about this, to be honest… It’s just that your initial reply seemed a little — how do I put it… — irrelevant? It’s the Maxim of Quantity. We both agree that billionaires are fundamentally problematic, then why did you go and specify which ones are worse?


                1. “Here’s a bowl of cereal. By the way, I didn’t piss in it.”

                Yeah… I get that, but why would you even bring that up? Why say that? It doesn’t imply that you’re someone that pisses in cereal, but it does give off that feeling.

                1. “Billionaires are bad. By the way, that kind of billionaire is worse.”

                Yeah… I get that, but why would you even bring that up? Why say that? It doesn’t imply that you’re someone that thinks billionaires are good, but it does give off that feeling.


                Do you pick up what I’m putting down?!

                • Pennomi@lemmy.world
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                  1 day ago

                  Yeah we’re on the same page. The original context was buying Kuiper internet instead of Starlink, so choosing the least bad option seemed relevant to me.

          • barneypiccolo@lemm.ee
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            True, but not good enough. Eventually there will come a billionaire who is even more psychopathic than all the others, probably some Nepo-baby who thinks he’s a super-villain-genius because he was smart enough to be born with money. That guy will truly wreck the world more than the current batch of billionaires will.

            If we don’t end this power grab by the billionaires, and eliminate them from existence, now and in the future, it will ONLY get worse and worse, until it is the end of civilization.

          • gon [he]@lemm.ee
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            2 days ago

            Not sure about that, but I can’t really say I disagree, fundamentally.

    • crabigno@lemmy.zip
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      I’ve managed to not lose a single cent from all my others investments combined thanks to the little I had in Eutelsat. I’m for sure reinforcing that one. Also, shorting tesla has been fun, but I don’t have the means to do it at a risk safe scale.

      After Tesla, starlink should come next (X will die organically) so unfortunate starlink is not public to short.

      • gon [he]@lemm.ee
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        Wah, good for you!

        I’m invested solely in an all-world ETF, so I’m getting hit pretty hard by the market crashes in the US. It doesn’t really bother me too much, considering my time horizon, but still.

        Good luck with your money!

      • AA5B@lemmy.world
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        Yesterday someone posted a thread that claimed that was the actual intention. Awfully questionable but it’s a funny enough idea to spread anyway ……

        The claim is some economic mastermind in the administration believes our entire problem is interest rates and the dollar is too strong. Ok as far as that goes, but the further claim is all the tariffs, flip flopping, broken contracts are just to persuade countries to kick us in the dick until we feel better. They may not have used those exact words

        • TheBrideWoreCrimson@sopuli.xyz
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          There are better ways to devalue your currency. It’s not such an uncommon thing for countries to do. Why go out of your way to be a dick? This new type of behavior we are observing from US officials just smacks of sheer incompetency and lack of direction on the diplomatic stage.

        • rumba@lemmy.zip
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          There’s some merit to them purposefully tanking stocks. Prior to the flip-flopping, a lot of big money pulled out of the market significantly (which also contributed to it crashing and people freaking) As far as the dollar being too strong, it just has to stay stronger than the stockmarket so they can buy back cheap.

          Of course, it’ll cause a recession. fuck over everyone and just about every company in the country, but Elon doesn’t care, he’ll just grant himself a bunch of defense and aerospace contracts, maybe order a 30 billion in teslas for the government.

      • ripcord@lemmy.world
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        No, they said it right.

        In this case, Elon is mouthing off like a bitch, and someone else kicked him in the dick for it (if it did really happen).

        That’s really really important, because usually these guys do shit, then no one kicks them in the dick. That’s what allows them to continue doing the shit.

    • drhodl@lemmy.world
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      I doubt he feels it. Apparently it got broken in failed vanity surgery. So, he is now a chinless, balding, dickless Wonder Boy under all that surgery. One wonders how he got to the belief that his defective genes were the ones that needed propagation.

  • neidu3@sh.itjust.works
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    And here I was feeling good about myself after I canceled an order of 4 units for work. But every magnitude matters, I guess.

    EDIT: Because starlink customer support is awful. It is a good product in theory, but because of their lack of service update, such as when they change stuff that affects us, it cannot be relied upon in production environments. And in todays political climate I simply don’t want him to get any more money from me. We managed with 2mbit VSAT before, and will do so again.

      • neidu3@sh.itjust.works
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        In terms of what? Cost? No idea, that’s some other departments problem.

        As for use case, it is for outfitting two ships with internet access better than the usual 2-5mbit VSAT. Two antennae each to account for loss of coverage on one antenna due to the superstructure possibly getting in the way.

        We use it to improve remote operation of offshore hardware, but starlink isn’t as good as it used to be. When first installing it in January 2021 it was great, 150mbit+, but as more and more people bought starlink, performance dropped significantly.

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      The problem is that Ariane 6 is already an obsolete previous-gen design, not one part is reusable. SpaceX is the dominant launch provider for a very solid reason and ultimately the only way to compete with them is going to be to adopt their ideas and methodologies.

    • mormund@feddit.org
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      2 days ago

      I’d be very surprised if OneWeb ever launches on Ariane 6. It is not build for cheap LEO launches at all afaik. But maybe some ride shares, who knows.