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'Real boss of India?': Elon Musk takes aim at Indian billionaire Ambani as Starlink launch stalls

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Core Development: 'Real boss of India?': Elon Musk takes aim at Indian billionaire Ambani as Starlink launch stalls
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Market & Financial Impact: Musk claimed Starlink was not being allowed to launch in India despite spending five years complying with every single law and requirement of the government.
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Actionable Insight: 🏛️ Policy & Macro: Interest rate, inflation, or regulatory changes affecting broad market valuations.

SpaceX founder Elon Musk on Thursday took a shot at Indian billionaire Mukesh Ambani, a day after he accused certain "oligarchs" of stalling the launch of his company's Starlink internet service in the country.

Musk said Starlink was not being allowed to launch in India despite having spent "five years complying with every single law and requirement" of the government.

"Is Ambani the real boss of India?" Musk questioned in a post, having blamed a day earlier "oligarchs" in the country for maintaining a "monopolistic chokehold on the Indian people."

Ambani's Jio is the largest telecom and internet service operator in India and, along with the other major operator, Airtel, controls about 80% of the market.

Musk's comment against Ambani caused a political stir in India, eliciting a response from India's leader of opposition, Rahul Gandhi, who has consistently alleged that the government is being influenced by powerful businessmen in India.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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