Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Elon Musk continues one-sided Ambani beef, mocks him in viral X post

Elon Musk continues one-sided Ambani beef, mocks him in viral X post

CryptopolitanCryptopolitan2026/10/09 22:15
By:Cryptopolitan

Elon Musk is apparently not done picking fights with Mukesh Ambani. The SpaceX billionaire has returned to X with another sarcastic attack on India’s richest telecom mogul, this time joking that Ambani might as well be running the country.

Elon believes the Reliance chairman is protecting his business interests by keeping Starlink out of India’s internet market. The problem? India’s government insists that nobody is receiving special treatment, and Ambani himself has remained noticeably quiet throughout this increasingly public feud.

“Dear Prime Minister Ambani, Please accept my humble apologies for not realizing that you are the real boss of India. Naturally, you would prefer to maintain your monopolistic exploitation of the great people of India, but would you nonetheless consider allowing Starlink to compete?”

Elon went on to explain that there were several regions in India, as well as in other nations, where there was no internet connection available, thus depriving the children of the opportunity to be educated and the smaller firms the chance to sell their products in the international market.

Elon also stated that the satellite internet could connect underdeveloped regions, allow children to study on the internet, and provide smaller companies with the opportunity to reach their international customers. This can be done through the emergency communication services provided by Starlink.

“Starlink would change their lives for the better.”

India rejects Elon’s monopoly accusations as political drama grows

“India does not allow a monopoly in any sector.”

Starlink has been working for four years in setting up their commercial activities in India, where over a billion internet users present immense business potential.

Currently, the market is monopolized by Reliance Jio and Bharti Airtel, owned by Ambani and Sunil Mittal respectively.

Curiously, SpaceX (SPCX) had already finalized the distribution deals with both the firms in March 2025. This was followed by Starlink receiving their license to operate in July 2025.

Yet customers still cannot subscribe.

However, the last barriers are related to security clearance and the allocation of radio frequency spectrums. According to Bloomberg, New Delhi had held back approvals due to worries of potential uncontrolled Starlink terminals.

On the other hand, Indian officials rejected claims made by the company on Thursday, arguing that all three licensed satellite service providers are under similar scrutiny.

The controversy quickly grabbed the attention of opposition leader Rahul Gandhi, who has continuously attacked India’s government for its excessive affection with the country’s industrialists. He told Elon: “Wait till you meet the other one.”

Rahul was apparently referring to billionaire Gautam Adani, another businessman he frequently criticizes. “This is indeed troubling,” said Elon.

Ambani has satellite plans of his own, and Tesla isn’t exactly thriving either

In the meantime, Jio is developing its satellite-based internet system. In June, Akash Ambani, son of Mukesh and managing director at Jio Platforms, announced the plans for a low earth orbit system by Jio.

According to local sources, there is a plan to create a system consisting of about 1,600 satellites and 23 ground stations.

Starlink currently has around 11,000 satellites covering more than 170 countries and territories.

“India needs its own indigenous stack of technologies.”

Akash made that argument Thursday during an interview with Reliance-owned Moneycontrol, emphasizing domestic technology development and affordable services.

And Starlink isn’t Elon’s only Indian headache.

Tesla (TSLA) has sold just over 1,000 vehicles since entering India in 2025. Monthly deliveries ranged between 29 and 69 from September 2025 through June 2026.

Sales finally improved in July, reaching 116 vehicles, compared with June’s 38. August recorded 117, followed by September’s record 291.

Between July and October 2, Tesla delivered 554 Model Ys, accounting for approximately 54% of its cumulative Indian sales.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Moderna Q3 revenue up 29% year-on-year, far exceeding expectations, raises full-year revenue growth guidance to 15%-25% | Earnings Report Insight

Moderna's Q3 revenue increased by 29% year-on-year to $1.31 billion, with profits significantly exceeding expectations. The company raised its 2026 revenue growth guidance to 15%-25%. The ramp-up of next-generation COVID-19 and flu vaccines, along with international market expansion, has driven performance improvement. Phase III data for the personalized cancer vaccine has also shown positive progress. The company is simultaneously advancing cost reduction and pipeline R&D, with year-end cash expectations significantly raised.

华尔街见闻•2026/11/06 13:23

Eli Lilly (LLY.US) "lowers its stance" and joins forces with former rival Hims (HIMS.US) to compete for the self-pay weight loss drug market

Eli Lilly is collaborating with Hims & Hers Health, leveraging the telehealth company’s large customer base to expand access to its blockbuster weight loss drugs and boost sales of medications, including its new oral weight loss drug Foundayo.

智通财经•2026/11/06 12:37
Eli Lilly (LLY.US) "lowers its stance" and joins forces with former rival Hims (HIMS.US) to compete for the self-pay weight loss drug market

"Predicting Your Prediction" Intensifies Tech Stock Sell-off! After $2.3 Trillion Market Value Evaporates, Has the "Hot Money" Mechanical Selling Still Not Subsided?

The Nasdaq 100 Index fell by 6.4%, wiping out $2.3 trillion in market capitalization. The core reason behind this decline is concerns that a comprehensive victory by the Democratic Party could lead to stricter regulations on AI development. Systematic funds, which typically follow the stock market's trend and respond to price fluctuations and momentum signals, were thus forced to reduce their investments, accelerating the downturn. The selling pressure from systematic strategies may not be over yet; it is expected that in the coming days, portfolios targeting volatility will sell at least $50 billion worth of stocks.

智通财经•2026/11/06 12:19

The midterm election tears open the "abyss" of AI trading, facing a moment of reckoning for trillion-dollar capital expenditure narratives

For months, investors have been worried about a series of risks behind the AI (artificial intelligence) capital expenditure "money tree." This week, the market finally pressed the panic selling button.

智通财经•2026/11/06 11:26
The midterm election tears open the "abyss" of AI trading, facing a moment of reckoning for trillion-dollar capital expenditure narratives