Elon Musk posted a series of tweets attacking certain Indian 'oligarchs' over Starlink licensing, impacting Reliance stock

Fri 9 Oct 2026

Heard on business television between 08:12:53 - 08:15:53 IST.

• Musk posted at 8:53 pm Oct 7 accusing unnamed Indian oligarchs of having a 'chokehold' via Starlink, calling it 'a crime against the people of India'.
• He later claimed Starlink beams were turned off in India and denied any misuse claims.
• Musk added Starlink is licensed in over 165 countries and made specific allegations against certain companies and people.
• Anchors noted some impact seen on Reliance stock, though the broader market was also down.
• Panel debated that India has the right to set its own licensing rules (auction vs fixed-fee) just as the US sets its own immigration rules.

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