FT News Briefing Are Musk’s ties jeopardising Starlink?
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Mar 25, 2025 China is mulling a massive subsidy plan to boost its sluggish economy, while SAP has surged to become Europe’s top tech giant, eclipsing Novo Nordisk. BYD has also celebrated a remarkable milestone with record sales exceeding $100 billion. Meanwhile, Elon Musk’s Starlink is poised for a dominant year, but his ties to Donald Trump are turning problematic, complicating its future. The intersection of technology, geopolitics, and personal controversies paints a challenging landscape for Musk's ventures.
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China's Subsidy Plan
- China considers multibillion-dollar subsidies for its service sector to boost consumption.
- Economists suggest these subsidies often benefit producers more than consumers.
SAP's Rise to the Top
- SAP became Europe's most valuable company, surpassing Novo Nordisk.
- Their shift to cloud-based software and AI integration contributed to this success.
BYD's Record Sales
- BYD achieved record annual sales of $107 billion, exceeding Tesla's $98 billion.
- Their success is attributed to new technologies, global expansion, and fast-charging batteries.