Elon Musk, the billionaire founder of SpaceX, announces that his company will continue to finance the operations of the Starlink internet service in Ukraine. Just a few days ago Musk had claimed on Twitter that his company could not fund the Starlink system in Ukraine indefinitely.
CNN found that SpaceX had written to the Pentagon a month ago, asking it to bear the costs. Now Musk has changed his mind, or so he writes on Twitter: "Even if Starlink is losing money and other companies are making billions, we will continue to finance the Ukrainian government for free." Last March SpaceX had sent to Ukraine a supply of antennas and other devices to be able to connect to Starlink, its service for connecting to the Internet via satellite: in the following months, the service had become an essential tool to ensure that the army and the Ukrainian government could also communicate when cable and cellular networks had been damaged by Russian bombing.
Regarding the sale of Twitter, after Elon Musk relaunched an initial offer of 44 billion, the social network filed a document in court in which it reveals that the buyer is under federal investigation for his conduct in the operation.
The hell with it … even though Starlink is still losing money & other companies are getting billions of taxpayer $, we’ll just keep funding Ukraine govt for free — Elon Musk (@elonmusk) October 15, 2022
The document states that Musk is under investigation but does not indicate the exact focus of the investigation, nor which federal authority is investigating.
Twitter said Musk's lawyers invoked the investigative privilege, refusing to hand over the required documents.
At the end of September, according to the social media, Musk's lawyers provided a register of privileges to identify the documents not to be disclosed. The register referred to drafts of a May 13 email sent to the Securities and Exchange Commission and a submission to the Federal Trade Commission, the two US regulators against market manipulation.
It is likely that the investigation evoked by Twitter is conducted by the SEC, which had previously questioned the entrepreneur about his moves to buy Twitter. In April, the SEC asked him if the disclosure of his 9% Twitter share was not too late and why he had indicated he wanted to be a passive shareholder.
Subsequently the entrepreneur had recompiled the documents by declaring himself an active investor. Under the law, buyers must submit a form when it exceeds a company's 5% threshold.