Musks role in the White House had already been linked to Teslasales and stock tanking.
Now, the repercussions appear to have spread to SpaceX.
The fallout centres on the companys Starlink satellite internet service.
The internet has provided a vital communications system to Ukraines military since Russias full-scale invasion began in 2022.
But concerns are now growing that the service could soon be disrupted.
According toReuters, US officials recently raised the prospect of cutting off Kyivs access to Starlink.
Musk, the CEO of SpaceX, refuted the report.
Nonetheless,his controlover Ukraines connectivity has caused growing alarm.
The anxieties have escalated as he and Trump have becomeincreasingly criticalof the countrys government.
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By the days end, shares in the company were upby 77%.
As the stock surged, French satellite firm Thales fired another apparent warning about Starlink.
Similar concerns have been raised about Musks impact on Tesla.
Jordan Hofmann, head of sales for Polestar US, said the response had been incredible.
This week saw some of the highest order days for Polestar 3, he wrote on LinkedIn.
Now, concerns over Starlink may have created another opening for Musks competitors.
Story byThomas Macaulay
Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he e(show all)Thomas is the managing editor of TNW.
He leads our coverage of European tech and oversees our talented team of writers.
Away from work, he enjoys playing chess (badly) and the guitar (even worse).
