Nacho Montes de Oca wrote that Tesla and SpaceX stocks fell after a measure against Ukraine was announced, despite the success that, according to him, Elon Musk's flying car presentation had. He suggested that the declines could also be due to other events. According to Montes de Oca, the Italian government halted negotiations to contract Starlink services for $1.63 billion, amidst the controversy over the reliability of the service and repeated threats and incidents of signal cuts in Ukraine. He also noted that Germany had accelerated the development of its own constellation of sovereign military satellites. He added that Valérie Hayer, president of Renew Europe, and Andrius Kubilius, EU defense commissioner, had advocated for the urgent need for a European alternative to Starlink. The author stated that Democratic and Republican senators had sent a letter to the Defense Department's inspector general demanding an urgent investigation into the restrictions imposed on the network. He said this could affect SpaceX's contracts with the U.S. government, which he estimated at $29.68 billion. Of that total, he indicated, $8.05 billion corresponded to new military contracts awarded and based on Starshield, the company's military division. Montes de Oca maintained that Musk's accusations against Donald Trump and Trump's response— where he denied being responsible and also said he didn't believe Musk was responsible— had harmed the conglomerate's reputation. He attributed the drop in SpaceX's stocks to a loss of $28.6 billion for Musk. He also estimated that Tesla's decline between October 13 and 16, 2026, had reduced its market capitalization by between $35 billion and $38 billion. To those losses, he added the revenues that, in his opinion, could cease to be obtained from the Italian contract and agreements with other countries interested in the system. Finally, he noted that it remained to be seen whether Musk would maintain a strategy that, as he wrote, imitated Trump's aggressive stance towards Ukraine and Volodymyr Zelensky, or if investor pressure would lead him to change his decision. He also stated that support for Vladimir Putin had a high and self-destructive cost. #Tesla #SpaceX #Ucrania (translated)







