Slim Cuts Ties with Starlink: A $22 Billion Bet on Self-Built Infrastructure
2025-02-27
Mexican billionaire Carlos Slim has canceled his collaboration with Elon Musk's Starlink, a deal worth a staggering $22 billion. Following a controversial tweet by Musk implying Slim's ties to organized crime, tensions escalated. Slim's decision to invest $22 billion in building his own telecommunications infrastructure strengthens his market position in Latin America. However, this move represents a significant loss for Starlink, costing them a major partner, substantial revenue, and potentially ceding ground to Chinese companies, impacting US commercial presence in the region.
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Slim