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 > Elon Musk seeks Italian presidential meeting to salvage Starlink deal
News

Elon Musk seeks Italian presidential meeting to salvage Starlink deal

News Room
Last updated: 2025/03/09 at 9:58 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.

Elon Musk has asked to meet Italy’s President Sergio Mattarella, amid growing doubts in Rome about a potential $1.5bn deal with Starlink, the multi-billionaire’s internet satellite provider.

Musk wrote on X late on Saturday that it “would be an honour to speak with President Matterella”, in a bid to salvage a deal that has faced opposition as geopolitical turbulence between the US and Europe intensifies.

Prime Minister Giorgia Meloni’s government has been in talks with Starlink over a potential five-year deal for secure military communications for diplomats, troops and other Italian civil servants working abroad.

Meloni, who has forged a strong personal bond with Musk, said in early January that talks were still at the “preliminary stage,” but defended the necessity of a potential deal saying there was “no public alternative” to meet Italy’s secure communication needs. 

Yet the deal now looks increasingly likely to be a casualty of a transatlantic rift over defence, following US President Donald Trump’s decision to suspend military aid and intelligence sharing with Ukraine. Musk has also repeatedly said on X that the US should leave the Nato security alliance.

Musk’s remarks followed a claim by a right-wing social media influencer allied with the multi-billionaire that Mattarella was personally obstructing the deal.

The Italian president, who wields strong moral authority as head of state, has not made any public comment on the Starlink deal or the choices facing Italy as it seeks to enlist a satellite-based internet provider.

But he rebuked Musk last year for intervening in Italy’s internal politics, after the multi-billionaire demanded the removal of Italian judges that had ruled against one of Meloni’s flagship initiatives to deter illegal migrants.

A spokesman for Mattarella said on Sunday said that the president, currently en route to Italy after an official visit to Japan, had no immediate comment.

Rome has begun to more actively consider alternatives to Starlink for critical services as fierce domestic political controversy to the deal has mounted.

Industry minister Adolfo Urso said last month that the government was working to develop a domestic provider. Last week, Eva Berneke, chief executive of Eutelsat, confirmed the Franco-British owner of Starlink rival OneWeb, has also begun talks with Rome.

News of the government’s exploratory talks with Eutelsat prompted an attack from the far-right League led by deputy prime minister Matteo Salvini, who is an admirer of both Trump and Russian President Vladimir Putin.

“In the Italian national interest it would be strange to choose a French entity . . . instead of a more technically developed and cutting edge system like the American one,” the League said in a statement late last week. 

“In a delicate phase like this, every choice must be made in the name of the Italian national interest without ideological prejudices, considering the USA an essential partner for the security and growth of our country,” the statement added.

Musk last week separately thanked Salvini’s League for its support.

While Meloni has made no public comment on the debate since January, her office has said that any decision would be made “in full compliance with institutional procedures and with the utmost transparency”.

Italy’s left-wing opposition parties also tried last week to amend a pending space bill to restrict Rome to procuring satellite communication services exclusively from EU-based companies.

The amendments were rejected by a vote in parliament, where Meloni’s right-wing party enjoys a comfortable majority, but highlighted the growing furore around the already controversial Starlink talks, which has also drawn criticism from members of the European parliament.  

 

Read the full article here

News Room March 9, 2025 March 9, 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
MALL APOCALYPSE OVER? Why Coach & Kate Spade Stores are THRIVING with Gen Z

Watch full video on YouTube

How Trump’s Tax Laws Affect Your Refund

Watch full video on YouTube

Politics And The Markets 04/12/26

This is the forum for daily political discussion on Seeking Alpha. A…

Daily Market Coverage Apr. 6, 2026 9AM-11AM (ET) | Yahoo Finance

Watch full video on YouTube

United Airlines Overhauls MileagePlus Program — Here’s What To Know

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Politics And The Markets 04/12/26

By News Room
News

Riley Exploration Permian Stock: A Solid Growth Story In A Cyclical Industry (NYSE:REPX)

By News Room
News

Convatec Group PLC (CNVVY) Analyst/Investor Day Transcript

By News Room
News

Exail Technologies (EXALF): The Growth Story For This Defense Tech Winner Is Far From Over

By News Room
News

Tsakos Energy Navigation: Performing Well In Strong Markets (NYSE:TEN)

By News Room
News

Bread Financial Holdings: Focusing On Longer Growth Runways And Better Economics (NYSE:BFH)

By News Room
News

Generation Investment Management Senior Partner Letter

By News Room
News

Top 25 High-Yield Dividend Stocks For April 2026

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?