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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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1

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

2

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

3

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
TechSpaceX

Elon Musk retreats from demand for help with funding Starlink in Ukraine

By
Susanne Barton
Susanne Barton
and
Bloomberg
Bloomberg
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By
Susanne Barton
Susanne Barton
and
Bloomberg
Bloomberg
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October 15, 2022, 5:18 PM ET
SpaceX CEO Elon Musk
SpaceX CEO Elon Musk.Michael Gonzalez—Getty Images
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Elon Musk said he will continue to fund Starlink satellites in Ukraine after a recent standoff with the US Department of Defense over the cost of their deployment.

The shift comes a day after Musk threatened to cut financial support for SpaceX’s Starlink satellite internet service in Ukraine, having claimed that the operation had cost his company $80 million so far. The Pentagon had responded by confirming it’s in talks with SpaceX, while adding that the US is looking at other options. 

“The hell with it,” Musk tweeted Saturday. “Even though Starlink is still losing money & other companies are getting billions of taxpayer $, we’ll just keep funding Ukraine govt for free.”

He followed up with a later tweet to a follower saying, “Even so, we should still do good deeds.”

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

Starlink is a key tool in the Ukraine war

Withdrawing Starlink terminals would deny Ukraine a key means of communication in the fight against Russia’s invasion. As well as helping Ukraine’s forces on the ground, the terminals have supported infrastructure across the country. 

Ukraine has 20,000 Starlink terminals, provided evenly by USAID, Poland, the European Union and private companies, according to an Oct. 5 report from state-run news agency Ukrinform that cited Ministry of Digitalization data.

Poland purchased 11,700 Starlink terminals for Ukraine, including 5,000 acquired by state-controlled refiner PKN Orlen SA, according to Janusz Cieszynski, the government official in charge of cybersecurity.

Earlier Musk stated that the amount SpaceX was requesting to give Ukraine a “major battlefield advantage” is less than the cost of one new GPS satellite.

The amount SpaceX is requesting for a major battlefield advantage is less than the cost of one new GPS satellite. Ironically, GPS doesn’t work on battlefields, as the signal is easy to jam, but Starlink does.

— Elon Musk (@elonmusk) October 15, 2022

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