Ontario Conditionally Restores Contract With Elon Musk's Starlink

Dow Jones
02-04
 

By Paul Vieira

 

OTTAWA--The province of Ontario has temporarily restored a contract with Starlink, a unit of Elon Musk's SpaceX, after President Trump decided to pause for 30 days a 25% tariff on Canadian imports.

Ontario Premier Doug Ford also withdrew other measures he said would go into effect in the event a 25% tariff was imposed, such as a ban on U.S. companies from bidding on $21 billion a year in provincial contracts and the removal of all U.S.-made alcohol from the shelves of state-owned liquor retail outlets.

The deal with Starlink, valued at about $69 million and agreed to in November, is designed to deliver high-speed internet to remote parts of province. Ontario has a population of 16 million and a land mass greater than that of Texas.

A Province of Ontario official said the restoration of the Starlink contract--and keeping U.S. alcohol at Ontario-owned liquor stores--is conditional on Trump refraining from slapping a 25% tariff on Canadian imports.

 

Write to Paul Vieira at paul.vieira@wsj.com

 

(END) Dow Jones Newswires

February 04, 2025 09:57 ET (14:57 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10