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Musk, Ramaphosa in Talks About Starlink's Expansion in South Africa
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December 31, 2024
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6:29
3:10Now PlayingSouth African President Cyril Ramaphosa is seeking investments from Elon Musk's companies, including Tesla and Starlink, in exchange for relaxing local Black ownership requirements for Starlink's satellite network. Musk's growing political influence, including his role as a leading adviser to President-elect Donald Trump, is helping to break down resistance to Starlink's global expansion, with many governments now seeking to attract his business. Starlink has already conquered over 100 countries and territories, offering high-speed internet services and outpacing rivals, with Musk's company using its technological and business advantages to pressure regulators to bend or scrap laws that restrict its operations. Ondiro Oganga reports on Bloomberg Television.
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