Elon Musk met with South African President Cyril Ramaphosa to discuss an agreement that would see the South African government loosen rules regarding Black ownership that impede SpaceX from offering Starlink internet services.
Musk is turning his newfound influence in U.S. politics to his homeland of South Africa.
SpaceX CEO Elon Musk met with South African President Cyril Ramaphosa to discuss easing certain regulations that would allow for Starlink satellites to operate legally in the country, according to Bloomberg.
Specifically, Musk would like to see South Africa loosen or remove a rule that would require Starlink to be at least 30% Black-owned by sharing equity with local partners.
A possible work-around that South African officials are considering would see foreign companies like SpaceX make guarantees for levels of local investment and jobs.
In exchange for updating these regulations, Ramaphosa hopes for broader investment in South Africa from Musk’s multiple companie
Musk is turning his newfound influence in U.S. politics to his homeland of South Africa.
SpaceX CEO Elon Musk met with South African President Cyril Ramaphosa to discuss easing certain regulations that would allow for Starlink satellites to operate legally in the country, according to Bloomberg.
Specifically, Musk would like to see South Africa loosen or remove a rule that would require Starlink to be at least 30% Black-owned by sharing equity with local partners.
A possible work-around that South African officials are considering would see foreign companies like SpaceX make guarantees for levels of local investment and jobs.
In exchange for updating these regulations, Ramaphosa hopes for broader investment in South Africa from Musk’s multiple companie
11 months ago
