Money

Musk’s Starlink to stay active in Ukraine despite funding woes

Published

3 years ago

October 24, 2022

In a show of good faith to the Ukrainian government, Elon Musk has stated that SpaceX will not be shutting off its Starlink satellite internet service even if the company does not receive funding from the United States Defense Department.

This pledge comes as a relief to Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov, who has been a vocal supporter of SpaceX and Starlink.

Starlink is a key player in providing telecommunication services in Ukraine, which has been embroiled in conflict in recent years. The service has only been active in the country for less than a year, but it has already made a significant impact. Last spring, SpaceX began delivering terminals for the satellite internet service to Kyiv. These terminals have allowed the city to stay connected despite hostile conditions.

Musk’s tweet came in response to questions about whether or not the United States government would continue to fund SpaceX’s efforts in Ukraine. The Defense Department has been a key supporter of SpaceX, but it has yet to make a decision about continued funding.

While it remains to be seen whether or not the Defense Department will provide more funding for SpaceX, one thing is certain: Starlink will remain operational in Ukraine regardless of what happens.

Thanks to Musk’s commitment, Kyiv and other parts of the country will be able to stay connected no matter what.

Elon Musk has pledged that SpaceX’s Starlink satellite internet service will remain active in Ukraine regardless of whether or not the company receives additional funding from the United States Defense Department.

This is good news for Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov, who has been a vocal supporter of both SpaceX and Starlink.

The service has only been operational in Ukraine for a little over six months, but it has already made a big impact by helping Kyiv stay connected despite hostile conditions.

Money

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

2 days ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

4 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

5 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews