Musk's Starlink Secures Contract With Mexico Govt For Up To 1.56B Pesos To Offer Free Internet In The Country Until The End Of 2026
Portfolio Pulse from Benzinga Newsdesk
Elon Musk's Starlink has won a contract with the Mexican government worth up to 1.56 billion pesos to provide free internet services in Mexico until the end of 2026, according to Reuters.
November 15, 2023 | 2:31 pm
News sentiment analysis
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POSITIVE IMPACT
The iShares MSCI Mexico ETF (EWW) may see a positive impact as the Starlink contract could contribute to economic development and connectivity in Mexico.
The contract with Starlink may be seen as a positive development for Mexico's economy and infrastructure, which could indirectly benefit EWW as it tracks the Mexican market.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Starlink, a subsidiary of SpaceX, which is closely associated with Tesla and Elon Musk, has secured a significant contract in Mexico, potentially boosting investor confidence in Musk's ventures.
While TSLA is not directly involved in the Starlink contract, the success of Musk's ventures can have a positive spillover effect on Tesla's stock due to investor perception and confidence in Musk's leadership.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70