1283
submitted 3 months ago* (last edited 3 months ago) by MicroWave@lemmy.world to c/world@lemmy.world

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.

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[-] gon@lemm.ee 260 points 3 months ago

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

[-] hansolo@lemm.ee 10 points 3 months ago

Eutelsat and Amazon's Kuiper just got one more pre-order.

[-] gon@lemm.ee 11 points 3 months ago

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

[-] pennomi@lemmy.world 15 points 3 months ago

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

[-] wjrii@lemmy.world 6 points 3 months 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@lemm.ee 5 points 3 months 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 4 points 3 months ago* (last edited 3 months ago)

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.

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[-] barneypiccolo@lemm.ee 3 points 3 months ago

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.

[-] teamevil@lemmy.world 4 points 3 months ago
[-] gon@lemm.ee 3 points 3 months ago

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

[-] FenrirIII@lemmy.world 4 points 3 months ago

Shame that he's going to bring the rest of us down with him

[-] crabigno@lemmy.zip 3 points 3 months ago

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.

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[-] FlashMobOfOne@lemmy.world 126 points 3 months ago

Feels so good seeing Elon Musk get kicked in the dick.

[-] brucethemoose@lemmy.world 79 points 3 months ago

He is kicking himself in the dick.

Kinda reminds me of Kanye West TBH.

[-] AA5B@lemmy.world 12 points 3 months ago

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 8 points 3 months ago

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 7 points 3 months ago

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.

[-] ThanksObama@sh.itjust.works 12 points 3 months ago
[-] valkyre09@lemmy.world 9 points 3 months ago

But he does like fish sticks!

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[-] SkunkWorkz@lemmy.world 4 points 3 months ago

He ruined his dick with his ketamine habit

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[-] drhodl@lemmy.world 3 points 3 months ago

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 86 points 3 months ago* (last edited 3 months ago)

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.

[-] AliasAKA@lemmy.world 15 points 3 months ago

Honestly, more small orders getting cancelled is also awesome, good on you!

[-] LaunchesKayaks@lemmy.world 3 points 3 months ago

Thank you for your service!

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[-] oce@jlai.lu 77 points 3 months ago
[-] mormund@feddit.org 11 points 3 months 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.

[-] FaceDeer@fedia.io 10 points 3 months ago

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.

[-] Sibshops@lemm.ee 68 points 3 months ago

Let's bring back being decent to people.

[-] Baguette@lemm.ee 67 points 3 months ago

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

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[-] Corno@lemm.ee 48 points 3 months ago

Good. Seeing a Nazi face consequences for his actions in real time is so satisfying.

[-] filister@lemmy.world 40 points 3 months ago

That's an uplifting news

[-] TomAwsm@lemmy.world 33 points 3 months ago

Dear Slim, I wrote you but you still ain't calling.

[-] bfg9k@lemmy.world 10 points 3 months ago

I left my cell, my pager and my home phone at the bottom

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[-] Kazumara@discuss.tchncs.de 30 points 3 months ago* (last edited 3 months 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.

[-] europeanfan122@lemm.ee 24 points 3 months ago
[-] skvlp@lemm.ee 15 points 3 months ago
[-] Theprogressivist@lemmy.world 11 points 3 months ago
[-] bitjunkie@lemmy.world 8 points 3 months ago
[-] psmgx@lemmy.world 8 points 3 months ago

I mean he does have ties to drug cartels, but you don't say it

[-] selokichtli@lemmy.ml 6 points 3 months ago

What ties? Can you elaborate?

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this post was submitted on 11 Mar 2025
1283 points (100.0% liked)

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