Elon Musk says Starshield is owned by the US government. The White House says it's up to Musk. Secretary of State Marco Rubio says it's SpaceX's call. Trump says he has "nothing to do" with it.
Four parties. Zero owners. A satellite network with no parent, like a Roomba that wandered into a war.
The mechanism is the funny part. Starshield dishes reportedly cut out above 100 mph. Drones that go faster lose their connection. Ukrainian soldiers say drones fell out of the sky.
A speed limit. On a weapon. Imagine telling a cruise missile to stay under the posted limit and watching it get pulled over by Dave from procurement.
The fast ones matter most. Interceptor drones are among the few things protecting Ukrainian cities from Russia's jet-powered attack drones. Those now fly nightly. SpaceX's throttle hits the defenders, not the attackers.
Then came Thursday. Trump said Musk had "put it back." Friday, Ukrainian officials told Reuters the limits were still in place. Trump also said he hadn't spoken to Musk about it. So who put what back, and with whom? Nobody knows. Nobody is asking the right guy, because there is no right guy.
Ukraine's deputy ambassador Denys Sienik posted that nothing had changed and Ukraine continues to wait. Waiting is the whole strategy now. A country is on hold with a rocket company.
Retail traders will want to know what this means for SPCX. It means nothing. Your thesis was a rocket emoji and a feeling. The satellites will keep orbiting regardless of what you paid.
Do not buy the dip. A dip implies somebody is at the wheel.
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