March 5 (Reuters) - Elon Musk's satellite company SpaceX said Wednesday its Starlink unit has no intent to take over any Federal Communications Commission telecommunications contract, rejecting media reports.
"Starlink is a possible partial fix to an aging system. There is no effort or intent for Starlink to 'take over' any existing contract," SpaceX wrote on X. "SpaceX is working with L3Harris and the FAA to identify instances where Starlink could serve as a long-term infrastructure upgrade for aviation safety."
(Reporting by David Shepardson, Editing by Franklin Paul)
((David.Shepardson@thomsonreuters.com; 2028988324;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.