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

by SB Crypto Guru News
October 17, 2022
in Crypto Updates
Reading Time: 5 mins read
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Elon Musk Says Spacex Will Hold Funding Ukraine for Free Even Although Starlink Is Dropping Cash — M Spent so Far – Featured Bitcoin Information

Spacex CEO Elon Musk says that his firm will “hold funding” the federal government of Ukraine at no cost despite the fact that Starlink is dropping cash, noting that it has value Spacex $80 million to this point to offer 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 Hold 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 just isn’t “able to additional donate terminals to Ukraine, or fund the prevailing terminals for an indefinite time period.” The Pentagon reportedly confirmed they acquired 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 value 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, we’ve got to create, launch, preserve & replenish satellites & floor stations & pay telcos for entry to [the] web through 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 offer an web uplink to a cellular phone tower, so probably a number of thousand folks could be served by a single terminal.”

Commenting on Spacex being unable to maintain offering free services and products to Ukraine, Twitter person and Tesla investor Sawyer Merritt opined: “Spacex’s request is affordable. Shouldn’t count on a personal sector firm to proceed to fund this at no cost eternally. Do Lockheed, Boeing, Northrop, and so on do their work at no cost? 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 … despite the fact that Starlink continues to be dropping cash & different corporations are getting billions of taxpayer $, we’ll simply hold funding Ukraine govt at no cost.”

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 and products to Ukraine. Responding to a tweet concerning the transfer, Musk clarified: “we should always nonetheless do good deeds.”

Musk explained on Oct. 14 that there’s a “large 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 huge sources 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 an important ingredient of our important 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 important areas. Starlink continues to be an important a part of important infrastructure.

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

Kevin Helms

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

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss brought about or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

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