Web3
SpaceX (SPCX) Shares Shed 3% as Putin Unveils Rassvet Rival to Starlink
COINOTAG·October 28, 2026·1 min read
SpaceX (SPCX) shares fell about 3% after Putin showcased the Rassvet satellite network, a rival to Starlink. Additionally, Reliance Jio is building a 1,600-satellite network to compete with Starlink, intensifying competition in the satellite internet space and pressuring SpaceX's market position.
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