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Carlos Slim Cuts Ties with Musk, Invests $22 Billion

2/28/2025

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Story summary
  • Carlos Slim has terminated his partnership with Elon Musk’s Starlink.
  • América Móvil will invest $22 billion in telecommunications infrastructure over the next three years.
  • This decision may affect Starlink's profitability in the Latin American market.
  • Tensions escalated after Musk's tweet regarding Slim's alleged ties to organized crime.
  • Slim intends to transfer Starlink projects to European and Chinese companies.