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Musk vows affordable Starlink in India days before Ambani's record Jio IPO

  • Musk did not specify prices for India, where mobile data ​costs about 8 cents per gigabyte, among the lowest in the world.
Published Updated
Photo: Reuters
Photo: Reuters
By

BENGALURU: Elon Musk said he would price Starlink’s satellite internet service affordably in India to take on Mukesh Ambani’s low-cost Reliance Jio, ​escalating his attacks on the rival billionaire days before Jio’s parent ‌launches India’s largest-ever IPO.

Jio Platforms, which owns the telecom arm, is targeting a valuation of $106 billion in the offering. Much like SpaceX-owned Starlink, Jio’s own satellite venture is also awaiting final ​security clearance to launch.

Cheap data is the playbook that built Jio in ​India, and the one Musk has used in markets like Kenya to ⁠unsettle local telecom players. SpaceX now plans to enter the mobile carrier market ​itself, starting in the US.

Musk did not specify prices for India, where mobile data ​costs about 8 cents per gigabyte, among the lowest in the world.

“Obviously, if Starlink is too expensive in India, no one will buy it, so SpaceX will need to make pricing ​affordable,” he said in a post on his social media platform X ​on Saturday.

“The reality is that competition would greatly benefit the average citizen in India by giving ‌them ⁠more choices, as it always does. Ambani’s profits will be lower, but he is not going out of business,” Musk added.

‘Prime minister Ambani’

The billionaire’s remarks were the latest in a series of X posts where he accused Prime Minister Narendra Modi’s ​government and Ambani ​of stalling Starlink’s ⁠entry into one of the world’s biggest internet markets to favour market leader Jio.

India rejects monopoly claim after Musk accuses Ambani of blocking Starlink launch

The posts have marked a sharp turn ​for Musk, who has long enjoyed a warm public rapport ​with Modi.

India’s ⁠government has denied any bias in its approval process, noting that the three satellite ventures seeking to launch, including Starlink’s and Jio’s, are all awaiting final security ⁠clearance.

Late on ​Friday, Musk taunted Ambani directly, addressing him as “Prime ​Minister Ambani” and asking whether he would “consider allowing Starlink to compete”.

Reliance has not responded to requests ​for comment on Musk’s remarks.


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