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SpaceX CDR (CAD Hedged)
Symbol SPCX
Shares Issued 16,350,000
Close 2026-10-16 C$ 24.27
Market Cap C$ 396,814,500
Recent Sedar+ Documents

Globe/wire say SpaceX's Starlink "welcomed" in India

2026-10-19 08:09 ET - In the News

The Globe and Mail reports in its Saturday edition that Indian billionaire Mukesh Ambani's Reliance says it welcomed competition from Elon Musk's Starlink and that its own satellite services were also awaiting clearance. A Reuters dispatch to The Globe says that this was Reliance's first response to accusations that Mr. Ambani was blocking Starlink's India launch. Mr. Musk has repeatedly accused the Indian government and Mr. Ambani of stalling Starlink's years-long efforts to launch in a market of more than a billion Internet subscribers. India has denied any bias in its approval process. The statement, which did not name Mr. Musk, comes days before Reliance' digital unit Jio Platforms seeks a $108-billion valuation in India's largest initial public offering to date. Jio houses Reliance's telecom arm, which has 530 million customers and is a potential competitor to Starlink in India's Internet market. "At Reliance, we have never feared competition," the conglomerate said on Friday, addressing "remarks about Reliance and the Indian market" in a statement it said was intended to "place the facts on record." Starlink responded on Friday saying it had worked with Indian regulators and the industry for more than five years.

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