Musk Vows Affordable Starlink in India Days Before Ambani's Record Jio IPO

3-line summary

• Elon Musk said on X on Saturday that SpaceX would price Starlink reasonably in India, arguing no one would buy it if it were too expensive, as he positions the service to compete with Mukesh Ambani's Reliance Jio, according to Reuters via Investing.com.
• The remarks came days ahead of an IPO for Jio Platforms, Reliance's telecom unit, which is reportedly targeting a valuation of $106 billion in what would be India's largest-ever IPO.
• India's government denied any bias in the approval process, saying three satellite operators — including Starlink and Jio's satellite business — are all still awaiting final security clearance; Reliance did not respond to a request for comment.

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