Investi Stratix
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
  • Politics
  • Economy
  • Forex
  • Stock
  • Editor’s Pick
No Result
View All Result
Investi Stratix
No Result
View All Result

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

by
January 9, 2025
in Stock
0
Italy’s Meloni says she has not discussed Starlink deal with Musk

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

RBC downgrades Swatch to ‘underperform,’ cites structural and cyclical challenges

Next Post

Hong Kong sees no need to change US dollar-pegged currency system

Next Post
Hong Kong sees no need to change US dollar-pegged currency system

Hong Kong sees no need to change US dollar-pegged currency system

Subscribe to InvestiStratix.com

    Popular News

    GE Vernova (GEV) stock rises more than 6% after company raises outlook

    GE Vernova (GEV) stock rises more than 6% after company raises outlook

    July 24, 2025
    Uber tests women-only rides in US amid ongoing safety concerns

    Uber tests women-only rides in US amid ongoing safety concerns

    July 24, 2025
    How billionaire Caltagirone could influence Italy’s banking M&A wave

    How billionaire Caltagirone could influence Italy’s banking M&A wave

    July 24, 2025
    Goldman Sachs warns of slower US growth amid rising tariff pressures

    Goldman Sachs warns of slower US growth amid rising tariff pressures

    July 23, 2025
    Musk may not be done with US politics: report

    Musk may not be done with US politics: report

    July 23, 2025

    Trending News

    GE Vernova (GEV) stock rises more than 6% after company raises outlook

    GE Vernova (GEV) stock rises more than 6% after company raises outlook

    July 24, 2025
    Uber tests women-only rides in US amid ongoing safety concerns

    Uber tests women-only rides in US amid ongoing safety concerns

    July 24, 2025

    Popular News

    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 24, 2025
    • How billionaire Caltagirone could influence Italy’s banking M&A wave
      July 23, 2025

    About Us

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investistratix.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Economy
    • Forex
    • Stock
    • Editor’s Pick

    Copyright © 2025 investistratix.com | All Rights Reserved