SpaceX no longer funding Ukrainian internet, Russia evacuates Kherson
SpaceX CEO Elon Musk stated that the company can no longer fund internet in Ukraine amid the high costs; Russia is evacuating Kherson as Ukraine fights to retake the region; and United Airlines is closing in on an order for over 100 widebody jets.
Video Transcript
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JULIE HYMAN: Let's get down to business with a look at some other headlines we're watching now. SpaceX's Starlink satellites have been a vital source of communication for Ukraine's military since they arrived last spring. SpaceX CEO-- Elon Musk, of course-- said earlier this month that the operation has cost SpaceX $80 million, and will exceed $100 million by the end of the year. But now he says his company cannot donate more Starlink terminals to Ukraine's army, or continue funding the ones it already has.
It's asking the Pentagon to pick up the bill, which he says would cost more than $120 million for the rest of the year. Could cost close to $400 million for the next 12 months. The Russian-installed governor of Ukraine's southern Kherson region-- Vladimir Soldo-- told residents on Thursday to take their children and flee, a sign Moscow is losing its grip on the territory it claims to have annexed following shelling from Ukraine. Saldo saying on Telegram that the target that the missiles hit are hotels, residential houses, markets, and there are lots of civilians.
The departure of civilians would be a blow to Russia, especially due to the area's strategic importance. United Airlines looking to boost its fleet of wide-body jets. The airline operator is studying offers for Boeing 787 Dreamliner and Airbus's 8350. It's been in talks with the planemakers for months, according to "Bloomberg." CEO Scott Kirby told pilots at a Denver training session that the airline is planning a triple-digit order, with multiple wide-body models being considered. And shares of the cloud computing company Nutanix have been surging today.
That's after reports the company could be seeing takeover interest from Bane Capital. Right now, it's uncertain what prospects actually exist for a deal, but the acquiring company would likely have to pay a big premium to Nutanix's nearly $6 billion market value. The shares up 24% right now, Brad.
