By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Giorgia Meloni in hot water over government talks with Elon Musk’s SpaceX
News

Giorgia Meloni in hot water over government talks with Elon Musk’s SpaceX

News Room
Last updated: 2025/01/07 at 11:15 AM
By News Room
Share
5 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Giorgia Meloni is facing a political storm over the Italian government’s talks with Elon Musk’s SpaceX to provide secure communications, just as Europe is launching its own rival satellite initiative. 

Musk on Monday said his company was “ready to provide Italy [with] the most secure and advanced connectivity”. His comments on social media platform X came after the Italian government acknowledged ongoing discussions about using Starlink services for “encrypted data communications”.

The potential deal, reportedly worth up to $1.5bn, has sparked outrage among Italian opposition politicians.

Centrist lawmaker Carlo Calenda, a former industry minister, warned on Tuesday that “contracting Musk for such sensitive services — while he sponsors the European far-right, spreads fake news and enters the internal politics of European states — cannot be an option”.

“It is simply not a solution compatible with national security,” Calenda said.   

Elly Schlein, leader of the Democratic party, the largest opposition party, has demanded that Meloni and her ministers appear in parliament to brief lawmakers on the talks with SpaceX.

“If the price we have to pay for Musk’s friendship is $1.5bn to put his satellites into orbit, we won’t accept it,” she said. “Italy won’t sell out.”

Former Italian prime minister Matteo Renzi said that “if Musk wants to invest in Italy, he is welcome. If Musk wants Italian taxpayers’ money, Meloni must explain how, why and when.” 

Meloni has forged a close personal friendship with the world’s richest man, calling him “brilliant”. Musk has described her as “authentic, honest and thoughtful,” and “even more beautiful on the inside than she is on the outside”. Her office denied a media report that she discussed the possible Starlink deal with US president-elect Donald Trump at Mar-a-Lago last weekend, calling the suggestion “simply ridiculous”. 

Deputy prime minister Matteo Salvini dismissed the idea that there was any risk involved in a SpaceX contract, and urged Meloni to hurry to seal a deal. 

“Musk is a protagonist of innovation on a global level: a possible agreement with him to guarantee connection and modernity throughout Italy would not be a danger but an opportunity,” Salvini said. “I trust the government will accelerate in this direction.”

Defence minister Guido Crosetto told parliament last year that Rome had no choice but to engage SpaceX, given its existing monopoly on low orbit satellite communications, and said that the potential European alternative would take years to get up and running.

Whatever people’s personal opinions about Musk, Crosetto said, “if you need to have low-orbit connectivity now, you have to talk to Starlink”. 

The EU signed a €10.6bn contract last month for an ambitious project to place 260 satellites in low and medium Earth orbit to provide secure communications to EU member states by 2030. Telespazio, a joint venture between Italian defence company Leonardo and France’s Thales, is among the many European aerospace and communications companies involved in the initiative, called Iris².

Beniamino Irdi, an Atlantic Council senior fellow, and former foreign and security policy adviser to the Italian government, warned that Rome’s signing up to Starlink for its government communications could rile Italy’s EU allies, as they aim to revive the bloc’s own flagging aerospace sector with its multi-orbit satellite project.

“It sends a political signal to the EU,” Irdi said. “Iris² is a symbol of Europe’s strategic autonomy, and a key EU member shifting to a different solution can be interpreted as a sign of divestment from that.” 

Yet he said the Starlink offer was a model of the kind of dilemmas likely to confront US allies, as they were encouraged to jeopardise their long-term strategic interests to placate the incoming Trump administration, and its most powerful backer, Musk.

“This could be a pattern of US foreign policy vis-à-vis its allies,” Irdi said. “Knowing that Musk plays such a big role — and that Trump is so transactional in nature — US allies will be tempted to please Musk as a private actor, and put at stake their core strategic interests.”

Additional reporting by Giuliana Ricozzi

Read the full article here

News Room January 7, 2025 January 7, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Strategy suffers billions in losses, Netflix reportedly bids on Warner Bros Discovery

Watch full video on YouTube

Medical Office And AI Data Center Lead Biggest Commercial Real Estate Deals

Watch full video on YouTube

Bitcoin rises, OpenAI CEO Sam Altman declared ‘code red’ as competition heats up

Watch full video on YouTube

Why More Students Are Forgoing Four-Year College

Watch full video on YouTube

Comus Investment 2025 Annual Letter

Dear Partners, We had a good year in 2025, however we were…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Comus Investment 2025 Annual Letter

By News Room
News

Trump names Tony Blair, Jared Kushner and Marc Rowan to Gaza ‘Board of Peace’

By News Room
News

Is the US about to screw SWFs?

By News Room
News

KRE ETF: Stabilization With A CRE Overhang (NYSEARCA:KRE)

By News Room
News

Goldman and Morgan Stanley investment bankers ride dealmaking wave

By News Room
News

AngioDynamics, Inc. (ANGO) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript

By News Room
News

White House sets tariffs to take 25% cut of Nvidia and AMD sales in China

By News Room
News

AI: Short Circuit? | Seeking Alpha

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?