French aerospace and defense company Thales (OTC:THLLY) (OTC:THLEF) has raised concerns about governments relying too heavily on private satellite networks like Elon Musk’s Starlink, warning of potential security risks and instability.
What Happened: Speaking at a results briefing on Tuesday, Thales CEO Patrice Caine cautioned that Starlink’s business model, which requires frequent satellite replacements, raises questions about its long-term sustainability, reported Reuters.
Without naming SpaceX’s Starlink directly, he pointed to the risks of governments depending on external providers for critical communications.
See Also: Could Musk’s SpaceX Secure An FAA Deal For Starlink Under Trump’s …