Musk says Starlink will seek exemption from Iranian sanctions
Reuters
Published Sep 19, 2022 07:51PM ET
Updated Sep 20, 2022 12:50AM ET
(Reuters) - SpaceX CEO Elon Musk said on Monday that the company will ask for an exemption from sanctions against Iran to provide the firm's Starlink satellite broadband service in the country.
Musk made the statement on Twitter (NYSE:TWTR) at a time of widespread protests in Iran over the death of a woman in police custody. Some people on Twitter asked Musk to provide the satellite-based internet stations.
Access to social media and some content is tightly restricted in Iran and internet monitoring group NetBlocks reported "near-total" disruption to internet connectivity in the capital of the Kurdish region on Monday, linking it to the protests.
Iran's Ministry of Communications and Information Technology could not be immediately reached for comment. The foreign ministry, Iran's mission to the United Nations and the United States Bureau of Industry and Security did not immediately respond to Reuters requests for comment.
Musk did not specify from which country Starlink would seek exemptions, but Iran faces broad based sanctions.
SpaceX is aiming to rapidly expand Starlink, and it is racing rival satellite communications companies including OneWeb and Amazon.com Inc (NASDAQ:AMZN)'s yet to launch Project Kuiper.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.