Ukraine rips Elon Musk for disrupting sneak attack on Russian fleet with Starlink cutoff

Published

2 years ago

September 7, 2023

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Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023.

Gonzalo Fuentes | Reuters

WASHINGTON — A Ukrainian official slammed Tesla and SpaceX CEO Elon Musk for ordering engineers to shut off Starlink’s satellite network over Crimea last year in order to thwart a Ukrainian attack on Russian warships.

According to a new biography of Musk, the South African-born billionaire asked, “How am I in this war?” during an interview with author Walter Isaacson.

In the early days of Russia’s unprovoked invasion of Ukraine, as Western governments worked to supply Kyiv with artillery and air defense systems, the first of Musk’s Starlink terminals arrived in the country. The billionaire eventually soured on the arrangement.

“Starlink was not meant to be involved in wars. It was so people can watch Netflix and chill and get online for school and do good peaceful things, not drone strikes,” Musk said, according to the book. He told Isaacson that he was worried the Ukrainian attack on Russian vessels would provoke the Kremlin into launching a nuclear war. The book, titled “Elon Musk,” will be released Tuesday.

A top aide to Ukraine President Volodymyr Zelenskyy lashed out at Musk over the revelation.

“By not allowing Ukrainian drones to destroy part of the Russian military fleet via Starlink interference, Elon Musk allowed this fleet to fire Kalibr missiles at Ukrainian cities,” Mykhailo Podolyak wrote Thursday on social media after CNN reported on some of the details from Isaacson’s book.

“As a result, civilians, children are being killed. This is the price of a cocktail of ignorance and big ego,” he added on X, which was formerly known as Twitter. Musk bought Twitter last year.

Crimea, a peninsula on the Black Sea that Russia illegally annexed from Ukraine in 2014, is home to Russia’s Black Sea warships. In the days following Russia’s full-scale invasion in February 2022, the Black Sea fleet fired missiles on once-industrious Ukrainian coastal cities while imposing a devasting naval blockade.

Ukraine digital minister Mykhailo Fedorov, who had asked Musk for Starlink capability on Twitter, posted that Starlink was “here” in Ukraine — with a photo showing more than two dozen boxes in the back of a truck.

Starlink is SpaceX’s global network of more than 4,000 satellites that provide service to over 50 countries. In Ukraine, Starlink has worked as the connective tissue for crucial battlefield communications.

Isaacson added that Musk’s decision was discussed in a phone call with President Joe Biden’s national security advisor, Jake Sullivan, and Chairman of the Joint Chiefs of Staff U.S. Army Gen. Mark Milley.

Musk, according to Isaacson, was also engaged in a texting conversation with Fedorov. The official pleaded with Musk to restore Starlink’s connectivity so that Ukrainian submarine drones could carry out the attack on Russia’s warship fleet.

Musk replied that he thought Ukraine was “going too far and inviting strategic defeat,” according to Isaacson’s book.

“I think if the Ukrainian attacks had succeeded in sinking the Russian fleet, it would have been like a mini Pearl Harbor and led to a major escalation,” Musk said, according to Isaacson. “We did not want to be a part of that.”

Starlink changed the battlefield when Ukrainians didn't have that communication, says Mark Esper

Technology

More demand than supply gives companies an edge, Jim Cramer says

Published

3 hours ago

October 24, 2025

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More demand than supply gives companies an edge, Jim Cramer says

“Supply constrained,” are the two of the most important words CNBC’s Jim Cramer said he’s heard so far during earnings season and explained why this dynamic is favorable for companies.

“When you’re supplied constrained, you have the ability to raise prices, and that’s the holy grail in any industry,” he said.

Intel‘s strong earnings results were in part because of more demand than supply, Cramer suggested. He noted that the company’s CFO, David Zinsner, said the semiconductor maker is supply constrained for a number of products, and that “industry supply has tightened materially.”

Along with Intel, other tech names that are also supply constrained and performing well on the market include Micron, AMD and Nvidia, Cramer continued.

These companies don’t have enough product in part because the storage needs of artificial intelligence are incredible high, Cramer said. He added that he thinks demand has overwhelmed supply because semiconductor capital equipment companies didn’t manufacture enough of their own machines as they simply didn’t anticipate such a volume of orders.

Outside of tech, Cramer said he thinks airplane maker Boeing and energy company GE Vernova are also supply constrained, adding that he thinks the former will say it’s short on most of its planes when it reports earnings next week. GE Vernova is supply constrained with its power equipment, like turbines that burn natural gas, he continued, which is the primary energy source for the ever-growing crop of data centers.

GE Vernova and Boeing are also set to be winners because they make big-ticket items that other countries can buy from the U.S. to help close the trade deficit, Cramer added.

“In the end, we have more demand than supply in a host of industries and that’s the ticket for good stock performance,” he said. “I don’t see that changing any time soon.”

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Technology

3 takeaways from Intel earnings: Cash flow, foundry progress and hardware surprise

Published

8 hours ago

October 24, 2025

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3 takeaways from Intel earnings: Cash flow, foundry progress and hardware surprise

Wall Street remains skeptical on Intel despite its return to profitability

Intel snapped a losing streak of six straight quarterly losses and returned to profitability in the third quarter.

In its first earnings report since the Trump administration acquired a 10% stake in the company, the U.S. chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026.

Client computing revenue, which includes chips for PCs and laptops, grew 5% year over year, benefiting from PC market stabilization and artificial intelligence PC prospects.

CEO Lip-Bu Tan said in a call with analysts Thursday that artificial intelligence “is a strong foundation for sustainable long-term growth as we execute.”

The chip strength and demand were bright spots, but there were areas of concern as well, with the company’s foundry business still needing a big break.

Here are three takeaways from the chipmaker’s Q3 report:

Cash flow

“We significantly improved our cash position and liquidity in Q3, a key focus for me since becoming CEO in March,” Tan said on a call with analysts Thursday.

Intel landed an $8.9 billion investment from the U.S. government in August, along with $2 billion from Softbank, but has not yet received the $5 billion tied to a deal with Nvidia. The company expects that deal to close by the end of Q4.

With all of those transactions completed, plus the Altera sale, Intel will have $35 billion in cash on hand, CFO David Zinser told CNBC.

The U.S. government is the company’s biggest shareholder, and Intel stock is up more than 50% since Aug. 22, when Commerce Secretary Howard Lutnick announced the deal.

“Like any shareholder, we have to keep in touch with them,” Zinser said of the U.S. stake. “We don’t tell them how the numbers are going before the quarter. We generally talk to them like Fidelity,” another Intel shareholder.

Stock Chart IconStock chart icon

Intel 3-month stock chart.

Foundry

The firm’s foundry remains a work in progress.

Revenue fell 2% over the year before, and it has yet to land a major customer.

Intel now has two fabs running 18A nodes, which are designed for AI and high-performance computing applications.

“We are making steady progress on Intel 18A,” Tan said of its latest chip technology. “We are on track to bring Panther Lake to market this year.”

Zinser said the more advanced 14A nodes won’t be put in supply until the company has “real firm demand.”

Old stuff still selling

Zinser said the company’s older chipmaking processes, or nodes, have continued to do well, “and that was probably the part that was more unexpected.”

Zinser said the chipmaker met some of the central processing unit (CPU) demand with inventory on hand, but they will be behind in Q1, “probably Q2 and maybe in Q3.”

The supply crunch has been with older Intel 10 and 7 manufacturing technologies.

Many customers are opting for less advanced hardware to refresh their operating systems, demonstrating enterprises aren’t waiting for cutting-edge chips when proven technology gets the job done.