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

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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.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Wall Street rallies as oil prices dip and bitcoin hits new high

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Wall Street started the week on a high note, extending last week’s rally as oil prices fell and bitcoin surged to a new record.

The Dow Jones jumped 1%, reaching over 44,000, with Tesla and big banks leading gains.

Crypto stocks soared as bitcoin hit an all-time high above $82,300, driven by optimism about lighter regulation.

Investors are also focused on upcoming inflation data, which could provide more clues about interest rates.

The dollar remained near a recent peak as Federal Reserve speakers, including Chair Jerome Powell, are set to weigh in later this week.

European markets followed suit, with the pan-European STOXX 600 rising over 1% on Monday.

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Bitcoin surges to record highs post-election

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Bitcoin soared to nearly $80,000, reaching unprecedented levels following Donald Trump’s decisive presidential victory earlier this week.

This marks a significant 65.4% increase from its January low of $38,505, underscoring the cryptocurrency’s remarkable growth this year.

The surge is largely attributed to President-elect Trump’s commitment to establishing the United States as “the crypto capital of the planet,” signaling a potential shift toward more favorable regulations for digital currencies.

Investors are optimistic that the incoming administration’s pro-crypto stance will further bolster the market, potentially leading to sustained growth in the sector.

Analysts suggest that this momentum could pave the way for Bitcoin to reach even higher valuations in the near future.

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Iron ore and oil prices drop as Beijing holds back

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China’s National People’s Congress announced a $1.3 trillion plan, but it’s focused on debt, not demand.

Mining giants BHP and Rio Tinto saw share prices fall as hopes for a strong stimulus faded.

Analysts say this “recycling debt plan” won’t deliver a boost for Australia’s resource exports.

Iron ore futures dropped 3%, and oil prices fell 2% after China’s announcement.

Some Australian economists see this as a missed opportunity for mining and the broader economy.

Beijing may wait for clarity on Trump’s trade policies before introducing more aggressive stimulus.

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