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Telecommunications & Media

Ukraine moves to cut Starlink reliance with Nokia and ICEYE communications cooperation

Ukraine is moving to secure alternative communications networks after restrictions on SpaceX\'s Starlink and Starshield services, the report said. Ukraine\'s Defence Ministry signed a letter of intent with Finland\'s Nokia and satellite manufacturer ICEYE to develop new defence and satellite communications capabilities. Officials said connection limits for drones and aircraft travelling above 100 miles per hour were continuing and had affected combat operations. The issue has fuelled calls in U.S. politics for an investigation into SpaceX.

Crypto

Phantom launches Kalshi prediction market service in U.S., trades in stablecoin

Crypto wallet provider Phantom is offering U.S. users access to Kalshi’s prediction market service, The Block reported on Thursday. Users can trade contracts that bet on event outcomes directly in the Phantom app. The rollout begins on Thursday and will expand over several weeks. Users must complete Kalshi’s know-your-customer checks and fund trades with Phantom’s dollar-pegged stablecoin, Cash (CASH), which is converted to fiat for settlement.

Politics

Elon Musk emerges as top funder for U.S. Republicans as SpaceX federal awards surge

Elon Musk has spent about $366 million on at least 40 U.S. midterm election contests, emerging as the largest individual donor, while SpaceX won $6.78 billion in federal government work over the same period. Filings show much of the spending flowed to Republican groups and America PAC. With Congress overseeing budgets and regulation, attention is focusing on how election outcomes could affect Musk-linked companies, contracts and probes.