Commentary on Political Economy

Tuesday 26 March 2024



The Big Take

Starlink Internet Service Is a Target for a Growing Black Market

March 26, 2024

A Starlink system operated by a Ukraine Armed Forces reconnaissance and strike drone unit on the frontline.Photographer: Andre Alves/Anadolu via Getty Images

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Starlink kits are popping up in Venezuela, Sudan and Yemen. SpaceX has said it deactivates terminals if they are being used by a sanctioned or unauthorized party, but a Bloomberg investigation shows that a network of middlemen are moving in to buy and sell them in unregulated areas around the world. The sheer availability of the terminals on the black market suggests there’s a systemic global problem and raises questions about the company’s control of a system with clear national security dimensions.

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Citigroup was the first major Wall Street bank with a female CEO. But interviews with 22 people who worked in or closely with the bank’s equities division suggest a pattern of harassment and discrimination. Bloomberg’s Paige Smith and Max Abelson discuss their reporting, and what it says about the rest of Wall Street’s overdue #MeToo reckoning.

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