Musk will get excellent news a day after Italian PM visits Trump as Rome pronounces potential $1.6bn SpaceX deal | EUROtoday

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A deal that may see Elon Musk’s SpaceX take over safe communications for the Italian authorities is reportedly again on observe and nearing ultimate approval after Italy’s prime minister met with Donald Trump this weekend.

Bloomberg reviews that the burgeoning settlement “appeared to move forward” after right-wing prime minister Giorgia Meloni met with Donald Trump on Saturday at Mar-a-Lago, the place the incoming president continues to carry court docket forward of his inauguration.

It wasn’t instantly clear if Elon Musk was in attendance for the assembly, however the SpaceX CEO has been like a shadow to the president-elect since November.

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The settlement continues to be not ultimate, however might see Musk win a profitable contract with a overseas authorities with assistance from his new political ally just some months after Musk bankrolled a multi-state effort to defeat Kamala Harris and different Democratic candidates. Musk can be set to have Trump’s ear within the White House due to his place working the Department of Government Efficiency, which is prone to be an advisory council supposedly targeted on cost-cutting within the federal authorities.

In actuality, it signifies that Musk and his related corporations will doubtless proceed to have near-limitless entry to the president of the United States and the community of overseas and home contacts ensuing from the second merger of the presidency and Trumpworld. In September, he tweeted his approval of recent adjustments to the Italian telecommunications sector — lengthy managed by the Italian authorities — which a blogger wrote was “paving the way for Starlink as an Italian backup system.”

Some Italian officers say the potential settlement would adversely have an effect on home carriers, although the plan has already been authorized by a number of authorities businesses, together with Italy’s intelligence service.

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The deal is valued at $1.6bn and would supply a variety of cell and web companies for the Italian civilian authorities and navy, together with a direct-to-cell service permitting for protection in emergencies if conventional cell companies are unavailable.

It comes as Musk is closely increasing SpaceX’s Starlink telecom companies across the globe, one thing which could be very prone to proceed with him along side the US president.

Musk has remained within the president-elect’s good graces even because the broader MAGA motion has erupted right into a brawl over the problem of immigration and H-1B visas, which permit US corporations to recruit tech and different high-skill staff from overseas. Immigration hardliners are in opposition to this system, whereas Musk and the tech billionaires who backed Trump in 2024 strongly help it.

His newest ruffling of feathers occurred on Sunday, as he picked a struggle with one other ally of the incoming president: Nigel Farage, chief of the UK’s Reform Party.

“The Reform Party needs a new leader. Farage doesn’t have what it takes,” Musk tweeted on Sunday.