After X Ban, Elon Musk's Starlink Defies Brazilian Court Order To Block Social Media Platform
Portfolio Pulse from Benzinga Neuro
Starlink, a subsidiary of SpaceX, has refused to comply with a Brazilian court order to block social media platform X, leading to potential sanctions including license revocation. This defiance is part of ongoing tensions between Elon Musk's businesses and the Brazilian government.
September 03, 2024 | 7:24 am
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Destiny Tech100, which allows investment in SpaceX, may be impacted by Starlink's defiance of a Brazilian court order, risking sanctions including license revocation.
Starlink's refusal to comply with a Brazilian court order could lead to sanctions, including the revocation of its license to operate in Brazil. This regulatory risk may negatively impact investor sentiment towards Destiny Tech100, which includes SpaceX in its portfolio.
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