On Friday, Malaysian Prime Minister Anwar Ibrahim held a discussion with Elon Musk, CEO of Tesla Inc. TSLA, regarding the automaker’s investment in Malaysia and the potential of SpaceX‘s Starlink service in the country.
What Happened: Anwar confirmed the conversation with Musk, expressing his appreciation for Tesla’s decision to invest in Malaysia and Musk’s willingness to visit the country, Reuters reports.
The Prime Minister also mentioned that Tesla’s operations in Malaysia are set to commence this year.
Furthermore, the two discussed the potential of Starlink, Musk’s satellite communications service operated by SpaceX.
“I welcome the company’s interest and decision to invest in Malaysia, and Elon Musk’s willingness to come to Malaysia,” Anwar said in a statement.
See Also: Ro Khanna Says Elon Musk Does Things That Are Wrong Ahead Of AI Discussion On Twitter Spaces
Why It Matters: This development comes as SpaceX recently achieved a staggering valuation of nearly $150 billion.
The company’s Starlink service has been seeking approval to set up earth stations in various countries, including India.
The discussion with Anwar indicates Musk’s interest in expanding Starlink’s presence in Southeast Asia. Furthermore, the commencement of Tesla’s operations in Malaysia aligns with the company’s global expansion strategy.
Read Next: Elon Musk Pitches Twitter As Dating Site: ‘Try Meeting Someone On This Platform, Many Have’
Image: Created with artificial intelligence on MidJourney and Official SpaceX Photos on Flickr
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
