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Musk Sparks Online Clash Before India's Largest IPO
Elon Musk plans to offer the Starlink satellite internet service in India at low prices to compete with Mukesh Ambani's Jio company, ahead of Jio's initial public offering (IPO), which is valued at approximately $106 billion and will be the largest in India. Musk aims to make Starlink's prices affordable enough to become a popular choice in the Indian market, where Jio has established a reputation for providing low-cost data services. He is also working to obtain the necessary security approvals to launch his services. Musk has criticized the Indian government, accusing it of hindering Starlink's entry into the market in favor of Jio, although the government has denied any discrimination in its procedures. This move comes as part of an escalating competition between the billionaires ahead of the biggest tech sector IPO in India.
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