In a significant business development, Mexican billionaire Carlos Slim has decided to cancel his collaboration with Elon Musk’s Starlink. The decision comes after a series of tensions between the two magnates, culminating in Slim’s choice to invest in his own infrastructure rather than relying on Starlink’s satellite technology.
Slim’s company, América Móvil, announced plans to invest $22 billion over the next three years to enhance its telecommunications infrastructure. This move is seen as a strategic effort to strengthen its position in the market and reduce dependency on external partners like Starlink. The decision is expected to have a substantial financial impact on Musk’s c
17 Comments
toss1
Near the end of the article, the cause is described:
>>Elon Musk shared a post on his social network stating that Slim could have ties to criminal groups, and five minutes later, Carlos Slim canceled all business collaborations with Starlink in Latin America, which made Musk lose 7 billion US dollars.
mmastrac
> Elon Musk shared a post on his social network stating that Slim could have ties to criminal groups, and five minutes later, Carlos Slim canceled all business collaborations with Starlink in Latin America, which made Musk lose 7 billion US dollars.
Is there a source for this?
2OEH8eoCRo0
What's the CEOs fiduciary duty again?
rqtwteye
Musk really seems to have lost his mind and any kind of filter. He hears about something and tweets it without any thought. Pretty much the same approach he is using with DOGE. Look at something for five minutes max and if you don’t like it understand it, cancel it.
My theory is that anybody who engages a lot on X for a while gets their perception of reality totally distorted. If US leadership keeps passing off the whole world I think the real winner of “America first” will be China and Russia.
jmclnx
> The fallout between Slim and Musk was further exacerbated by a controversial tweet from Musk, which implied connections between Slim and organized crime.
Lets hope Slim wipes the "business floor" with Musk with his initiative.
xerox13ster
Good!!! I just finished porting my number off of T-Mobile since I canceled my service with them mid-Superbowl when I learned they were collaborating with StarLink; I don't want to support a man advocating for my erasure because he's mad at his daughter for disowning him. I made it explicitly clear why I was cancelling, citing Elon and StarLink
by name.
Glad to see others participating in the "free" market and "voting with our wallets" before that ends up being the only way we can vote. Even more glad Slim is costing him billions compared to my pennies.
rconti
Seems like accusing someone of ties to organized crime is a bit of a reverse Pascal's Wager.
latexr
So Musk amplified an unsubstantiated tweet making accusations of “his main partner in 25 countries”, which not only made him “lose 7 billion dollars” but also “an investment of 22 billion dollars”? And this is the guy people are trying to convince us is some kind of business genius?
ZeroGravitas
The timing seems weird. Did Elon know the deal was about to fall through and tweeted out of sour grapes?
rbanffy
Will this be questioned by the FAFO offices?
insane_dreamer
Looks like Elon's tweet may have been retaliatory, in response to Slim's decision not to continue business with Starlink (but build out more land-based networks), rather than prompting Slim's decision (though it no doubt solidified it).
See https://expansion.mx/tecnologia/2025/02/26/america-movil-cor… (Spanish)
kklisura
> The fallout between Slim and Musk was further exacerbated by a controversial tweet from Musk, which implied connections between Slim and organized crime.
Instant flashback when Elon called Thai cave diver a "pedo guy" when they declined his help. Elon needs to take rejections way less personally.
LanceJones
It's unlikely the rift will have any real impact:
"In 2025, Quilty forecast that it [Starlink] will count 7.8 million people around the world as customers and generate $11.8 billion in sales."
It is currently and likely will continue to be the biggest revenue driver for SpaceX, Mexico or not.
throwaway48476
I'm amazed at how the other space companies have failed to offer competition to starlink just the same as the auto industry can't seem to compete with tesla and make a good and profitable EV. They've had a decade to figure it out, so where are they?
Everyone has become cynical and no one is willing to invest in the future and build new things.
nemo44x
It doesn’t really matter since the USA will invade Mexico in the next year as part of a new anti-terrorisim initiative initially aimed at drug cartels. As that escalates many things will get carved out for corporate interests.
I’m not saying I support this. But this is the reality.
outlace
Elon Musk’s behavior seems incredibly over-confident lately in spite of the massive amount of hate he’s getting. I wonder if he really believes Cybercab and Optimus are about to take over the world and so everything else is just pocket change at this point.
hereme888
What's up with the ongoing Elon hate? It all started when he freed Twitter from extreme leftism and manipulation by the intelligence community.
I don't care about the Carlos Slim