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.
Author has updated the article to state, more or less, that they have no proof of this and are talking out their ass.
“Update: I should note that any original plans or contracts have not been verified and any cancellation of these plans or contracts have not been verified. Coverage of this is limited, indicating some traditional media don’t have enough proof to report on it. It should also be emphasized that this very high $22 billion figure is not concerning any short-term contract. My understanding from the reporting is that it was the amount Carlos Slim’s companies were expecting to spend on Starlink orders and services over the coming years (or decades) across Central and South America. But, again, I have not seen any official statement or report verifying any of this is definitely true.”
Good. Seeing a Nazi face consequences for his actions in real time is so satisfying.
Anybody here think that a mexican billionaire can be alive without having ties to drug cartels? Good for him for giving the finger to Musk though.
Billionaires literally cannot exist without doing a ton of evil shit. But he’s an enemy of my enemy, so I take this as a win.
So every U.S.Billionaire is alive because the drug and gun cartels in the U.S. by this logic right? Being that the company is a telecom company, it would be directly comparable to saying AT&T, Comcast, Verizon, and so on are all tied to illegal cartels and not just use legal lobbying that shouldn’t be allowed.
Eh I see the point you’re making but cartels in Mexico are a whole other breed to what’s here in the US. Our politicians aren’t being murdered in droves by cartels like they are in Mexico.
I’m sure every Mexican billionaire has a private army on their payroll, drug cartel of not.
Drug cartel money would be chump change to Carlos Slim. At one point he was the richest man in the world. His holdings include Grupo Carso, it is like Berkshire Hathaway in scale.
Let’s bring back being decent to people.
Thanks for the business opportunity, Mr. Muskrat.
and shifts business to Chinese and European competitors,
Well, at least he’s not also pissing off China and Europe as well…
Oh, that’s right, everyone hates Musk
And here I was feeling good about myself after I canceled an order of 4 units for work. But every magnitude matters, I guess.
Honestly, more small orders getting cancelled is also awesome, good on you!
Thank you for your service!
I’ve never been a customer so this might be a dumb question. What does 4 units represent?
In terms of what? No idea, that’s some other departments problem.
The use case is outfitting two ships with internet access. Two antennae each to account for loss of coverage on one antenna due to the superstructure possibly getting in the way.
We use it to improve remote operation of offshore hardware, but starlink isn’t as good as it used to be. When first installing it in January 2021 it was great, 150mbit+, but as more and more people bought starlink, performance dropped significantly.
Good.
Feels so good seeing Elon Musk get kicked in the dick.
He is kicking himself in the dick.
Kinda reminds me of Kanye West TBH.
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
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.
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.
He ruined his dick with his ketamine habit
Kanye is not a gay fish!
But he does like fish sticks!
Technically that makes him captain Iglo.
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.
lol
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.
I mean, Carlos Slim is not from the USA, so most news were in spanish:
Carlos also cancelled a more immediate $7 billion business plan with Starlink, which makes it closer to 30 billion lost.
Don’t worry, Trump is buying a Tesla. That’ll make up for it.
Carlos Slim sounds like an RnB artist
He should sound like the largest shareholder of the NYT because he’s the billionaire with their leash in hand. He’s one of the better billionaire paper owners since his interests aren’t as actively focused on the US but it’d still be great if he didn’t have extensive influence to control the news.
100%, we should guillotine all the billionaires.
Or Slow Jazz. Or a porn star. [wink wink]
Is he related to Slim Jim?
Sounds like the leader of a cattle rustling gang in a cheesy western.
Slim Charles, one of the Barksdale enforcers from The Wire.
That’s an uplifting news
I mean he does have ties to drug cartels, but you don’t say it
What ties? Can you elaborate?
The cartels are the silent oligarchs of Mexico, you don’t control telecoms in their territories and lands without dealing with them. Just about every politician and business leaders in cartel territory have to deal with em
It’s not really all that different in America. We did a kinda informal merger between organized crime, local government, and big capital. Now we’ve merged in the federal government as well.
