SpaceX has effectively just lost the 🇮🇳 India market, which accounts for 20% of the world’s population, for good. India represents a market 4.2 times the size of the 🇺🇸 United States. To make matters worse, there is a growing resistance of allowing Starlink/Starshield services in many other parts of the world, where alternatives are already being developed like in 🇪🇺Europe or 🇨🇦 Canada to mention just two. It is therefore likely that SpaceX will be unable to establish Starlink services across large parts of the globe. Worse, the same may hold true for SpaceX’s launch services and its data center offerings, whether on Earth or in orbit because its all about lost trust. A significant volume of capital is now flowing toward other launch providers and start-ups, because what is at stake is national sovereignty, security, and the avoidance of dependence on the political views of a single individual: Elon Musk. Elon Musk has failed to grasp that his actions regarding Starlink and Starshield in 🇺🇦 Ukraine have undermined global trust in all of SpaceX’s services and that will have a last impact on its business. Once trust is lost, the business is lost as well. $SPCX