Japan Eyes Elon Musk's Starlink To Buy More Time In Taiwan Conflict: Report
Portfolio Pulse from Benzinga Newsbot
Japan is considering purchasing Starlink satellite systems from SpaceX to enhance its communication capabilities amid rising tensions over Taiwan. The Starlink system has been a critical communication system for the Ukrainian military and could provide a similar advantage in a potential conflict over Taiwan. This comes as Chinese President Xi Jinping intensifies military pressure on Taiwan.

July 01, 2023 | 3:20 am
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The potential purchase of Starlink systems by Japan could boost SpaceX's revenues and reputation, indirectly benefiting Virgin Galactic (SPCE) as it could increase overall interest and investment in the space sector.
While Virgin Galactic (SPCE) is not directly mentioned in the article, the potential purchase of Starlink systems by Japan could indirectly benefit the company. This is because such a move could increase overall interest and investment in the space sector, which would likely benefit all major players in the industry, including Virgin Galactic. Furthermore, the increased use of Starlink systems for military and strategic purposes could also boost the perceived value and importance of space-based technologies and services, potentially leading to increased demand for Virgin Galactic's services.
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