starlink

Ukrainian President Zelensky stated that the Ukrainian military discovered serious operational anomalies with the American "Starlink" system within Ukraine, with a speed limit of 161 kilometers per hour, affecting the entire front line.This has increased the difficulty for the Ukrainian military to intercept Russian drones. The Ukrainian side is communicating with the United States to clarify the situation.

Spider Digital Technology Ltd., a cryptocurrency mining pool operator headquartered in Singapore, announced that it has signed a definitive business combination agreement with Starlink AI Acquisition Corporation, a blank check company listed on the New York Stock Exchange (stock ticker OTAI), on October 30, 2026. The agreement sets the valuation of Spider Digital at $250 million to determine the merger consideration. Upon completion of the transaction, Spider Digital and Starlink AI will become wholly-owned subsidiaries of Spider Digital Technology Group, which is expected to go public in the United States after meeting applicable listing requirements and obtaining approval.According to the agreement, PubCo's wholly-owned subsidiary Merger Sub I will merge with Spider Digital, after which Merger Sub II will merge with Starlink AI, and both companies will continue to exist after their respective mergers. The completion of the transaction is subject to approval by both parties' shareholders, the effectiveness of PubCo's F-4 registration statement, approval for listing on the New York Stock Exchange, and other customary closing conditions. Spider Digital claims that it operates its own mining pool system and has independent block production capabilities, without sharing pool control or hash power scheduling rights with third parties. The company's founder, chairman, and CEO Chen Hua, along with Starlink AI's chairman and CEO Gus Liu, both commented on the proposed merger.

SpaceX has confirmed the deployment of 27 Starlink satellites.

According to CNN, a letter shows that the U.S. Department of Defense's oversight agency rejected a bipartisan request to investigate the slowdown of SpaceX's military-grade Starlink system operations in Ukraine.

Elon Musk stated that the construction of the Starlink mobile network is expected to take 2 to 3 years.

According to a report by Reuters cited by Phoenix Technology, on October 26, Beijing time, Elon Musk, the founder of SpaceX, stated that the company has completed $40 billion in debt financing for the procurement of graphics processors. Musk posted on the social platform X that this financing is primarily for the purchase of GPUs that will be delivered in the first and second quarters of next year, and the debt can be redeemed early, which will not have a significant impact on this quarter.Musk added that SpaceX's investment-grade credit rating, along with the revenue generated from Starlink satellite internet and launch services, has helped the company maintain its ability to secure credit financing. Earlier this month, Reuters reported that SpaceX is in talks with banks and asset management companies to raise $40 billion for the purchase of NVIDIA's AI chips.For the three months ending September 30, SpaceX's revenue grew by 161% year-on-year, reaching $14.58 billion. During the same period, the company's capital expenditures on computing infrastructure nearly doubled, reaching $19.6 billion.

Elon Musk stated that Starlink remains crucial for Ukraine's defense, as it is currently the only communication system that cannot be interfered with or destroyed.If Starlink were to be shut down, the front lines in Ukraine would collapse immediately. This is not a threat, just a statement of fact.

Ukrainian President Zelensky stated that the Starlink restrictions have been fully lifted.

The issue surrounding the military version of the "Starlink" satellite communication system within Ukraine has led to differing opinions from the United States, Ukraine, and SpaceX. Ukrainian President Zelensky stated that the Ukrainian military faces speed limits when using "Starlink," while U.S. President Trump claimed he was unaware and stated that the speed limits had been lifted. SpaceX CEO Musk indicated that any restrictions are determined by the U.S. military and ultimately depend on the U.S. President.

The UK government stated that Prime Minister Burnham emphasized during his conversation with President Trump that the comprehensive use of Starlink in Ukraine is crucial.

According to Axios, Starlink and Starshield services in Ukraine are still restricted.

According to the American financial media Semafor, Musk proposed a merger between Tesla and SpaceX this week. A former Department of Justice official stated that the proposal poses a real risk of antitrust issues.The official noted that antitrust regulators typically view such vertical mergers as beneficial for improving supply chain efficiency and promoting competition. However, if Tesla and SpaceX are deemed to be potentially engaging in vertical exclusionary mergers, regulators may attempt to block it. The article explains exclusionary as companies using their position to limit competition from other levels of the supply chain, citing that if in the future only Tesla vehicles can use SpaceX's Starlink technology, other autonomous or electric vehicle manufacturers may be harmed.The report states that the outcome depends on the terms of this currently hypothetical deal, as well as how willing U.S. antitrust enforcement agencies, aligned with Trump's stance, are to clash with Musk, who is described as a major Republican donor. The report also mentions that even so, if the Democrats regain control of the House next month, Musk will face congressional investigations, and lawmakers will closely scrutinize his attempts to merge his companies.

According to The Wall Street Journal, U.S. President Trump once called SpaceX CEO Elon Musk, requesting him to lift the restrictions on the Starlink in Ukraine.

According to SpaceX (Nasdaq: SPCX) released third-quarter financial report for 2026, the revenue for the quarter was $14.6 billion, an increase of 161% compared to $5.6 billion in the same period last year; net profit was $4.4 billion, compared to a net loss of $1.1 billion in the same period last year. Adjusted EBITDA was $8.8 billion, a year-on-year increase of 306%; operating income was $2.8 billion, compared to a loss of $270 million in the same period last year.The Super Intelligent business generated revenue of $7.56 billion, a year-on-year increase of 830% and a quarter-on-quarter increase of 195%, mainly from the activation of cloud service agreements, the integration of Cursor, and the growth in adoption of Grok in both enterprise and consumer sectors. The operating income for this business was $431 million, which included $1.2 billion in equity incentive expenses related to the acquisition of Cursor, with nameplate computing power rising to 1.7 GW, compared to 0.6 GW in the same period last year. The Connectivity business generated revenue of $5.25 billion, a year-on-year increase of 69%, with operating income of $2.37 billion, a year-on-year increase of 99%; Starlink consumer subscription users reached 13.6 million, an increase of 1.6 million quarter-on-quarter, with an average monthly ARPU of $69, and over 3,800 aircraft equipped with Starlink.The Aerospace business generated revenue of $1.77 billion, a year-on-year increase of 6%. The company completed 12 customer launches during the quarter and accomplished the 14th flight of the Starship, which the company stated was the first revenue-generating Starship mission, sending 26 Starlink V3 satellites into orbit, with a downlink capacity approximately 10 times that of a single Falcon 9 Starlink launch. Capital expenditures for the quarter were $19.6 billion, of which the Super Intelligent business accounted for $16.4 billion, with a cumulative total of $48.1 billion for the first three quarters. As of September 30, cash and cash equivalents were $51.3 billion, marketable securities were $38.6 billion, total assets were $254 billion, and net fundraising from IPOs in the first three quarters was $85.68 billion.

The Chief Operating Officer of SpaceX stated that Starlink still has growth opportunities in the enterprise and government business sectors, and future revenue is expected to surpass consumer business revenue.

SpaceX's Chief Operating Officer stated that since the beginning of the year, the Starlink aviation business capacity has increased to four times its original capacity.

Elon Musk predicts that the number of Starlink satellites will reach 100,000 within 3 years, increasing network capacity by 100 times.

According to The Wall Street Journal, Musk ordered to slow down the service speed of "Starlink" in the Ukraine region.

U.S. Secretary of State Rubio stated that no one in the White House ordered a reduction in the speed of Ukraine's access to "Starlink." An advisor to the President of Ukraine claimed that SpaceX had throttled "Starlink," causing mission interruptions, but the services used by the Ukrainian military have returned to normal. President of Ukraine Zelensky stated that the speed limit is only effective within Ukraine.