Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

Italy’s Meloni says she has not discussed Starlink deal with Musk

admin by admin
January 9, 2025
in Economy
0
Italy’s Meloni says she has not discussed Starlink deal with Musk
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

ROME (Reuters) -Italian Prime Minister Giorgia Meloni said on Thursday she had never discussed with Elon Musk a potential deal to use his Starlink to supply secure communications for the military.

Meloni, who has a good relationship with Musk, said the national interest was ‘the only lens’ through which she judged contracts with companies such as SpaceX, the owner of Starlink, and that she was not swayed by friendships or political views.

Reportedly worth 1.5 billion euros ($1.6 billion) and spread over five years, the project has been sharply criticised by opposition parties questioning whether the handling of such communications should be entrusted to a Musk company.

“We are simply in the investigative phase, which is why I don’t understand all the accusations that have been made. I’ll tell you more: I don’t even personally have clear ideas on this matter,” Meloni told a press conference.

“Is the problem with SpaceX, the fact that it’s a private company or the political ideas of Elon Musk?,” she added.

Italy is evaluating the use of Musk’s space-based telecommunications system to provide secure communications between the government, Italian diplomats and defence officials operating in sensitive areas across the Mediterranean.

These secure services offered by Musk would be a more immediate solution compared to the EU’s IRIS2 (Iris squared) satellite constellation.

The multi-orbit array of more than 280 satellites, which aims to provide an encrypted backbone for EU governments and public agencies, is facing cost overruns, problems in financing and a full roll-out is not expected before end of 2030.

Meloni said that Italy faces a dilemma on how to protect its sensitive communications, choosing between two sub-optimal solutions.

“I am a layman in this debate, but I have to ask the question because if this information falls into the wrong hands tomorrow, the government is responsible, so I cannot pretend that the problem does not exist”.

This post appeared first on investing.com

Previous Post

UK markets are in the eye of the global bond storm

Next Post

Morgan Stanley names Experian as “top pick” in European business services sector

admin

admin

Next Post
Morgan Stanley names Experian as “top pick” in European business services sector

Morgan Stanley names Experian as “top pick” in European business services sector

Trending News

Mubadala Capital set to acquire CI Financial in $4.7 billion deal

Mubadala Capital set to acquire CI Financial in $4.7 billion deal

November 25, 2024
US stocks open lower: Dow down 240 points, S&P slips 0.4%

US stocks open lower: Dow down 240 points, S&P slips 0.4%

April 11, 2025
Crude oil sees steep weekly fall; tight US market limits further declines

Crude oil sees steep weekly fall; tight US market limits further declines

June 27, 2025
Subscribe to Insightful Word


    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025
    Dow Futures soar as Wall Street bulls charge toward record highs

    Dow Futures soar as Wall Street bulls charge toward record highs

    June 27, 2025
    Morningstar lifts Netflix target but warns shares remain overvalued

    Morningstar lifts Netflix target but warns shares remain overvalued

    June 27, 2025

    Recent News

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high

    June 27, 2025
    Nike shares jump on improved outlook, shift from China; analysts see recovery

    Nike shares jump on improved outlook, shift from China; analysts see recovery

    June 27, 2025

    Latest News

    • Asian markets close mixed amid lingering trade tensions; Nikkei hits 6-month high
    • Nike shares jump on improved outlook, shift from China; analysts see recovery
    • Dow Futures soar as Wall Street bulls charge toward record highs

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.