India-SpaceX Talks Gain Momentum As Musk Starts IPO Play

India might soon get satellite internet, remote areas to light-up with Megabytes.

Union Minister Jyotiraditya M Scindia met Gwynne Shotwell, President & COO of SpaceX, along with Lauren Dreyer and the leadership of Starlink on April 1, 2026.

Jyotiraditya M Scindia (Right) along with Gwynne Shotwell, President & COO (Centre) and Lauren Dreyer, Vice President, Global Business (Left)

The meeting signals India is back in the play for Starlink.

Shotwell’s wrote in her X post that she is looking forward to bring Starlink to India.

The news is since making headlines, many even tracked the business jet which flew Shotwell to India, thinking it was Musk on a secret visit.

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Starlink’s IPO

Elon Musk’s SpaceX is reportedly preparing for a confidential IPO filing in the US, according to Reuters’ sources. The report suggests that potential valuation may go above $1.75 trillion, which, if realised, would make it the largest listing ever. Till date no one has broken this record made by Saudi Aramco.

But why does launching servies in India matters for this IPO?

Reuters says, “Starlink is the only reason this valuation is defensible,” citing its subscriber base, defense contracts and recurring revenue engine.

The IPO might be about a control over global internet infrastructure.

And India can serve as a geography to them given the population and reachability of fast internet in remote areas of the country.

Entering India gives three things to SpaceX:

  1. It will add scale to userbase becuase of millions of potential users
  2. Dominating presence in emerging markets will give a strong hand
  3. Revenue visibility will remove an risks of valuation concerns

India Isn’t an Easy Yes Anymore

This isn’t 2021, when Starlink tried pre-orders without approvals and got pulled up by regulators.

India is far more structured now, given that:

  • Spectrum allocation is tightly controlled
  • Data localisation is a serious policy line
  • National security concerns around satellite networks are non-negotiable

This means if Musk wants to enter India, he has to follow all the laid down regulations.

After the X posts from both, the Minister and the COO, there was mixed reactions in replies.

Some people are calling Starlink revolutionary, others calling it risky.

The upside is obvious:

  • Rural connectivity at scale
  • Border and defense use cases
  • Faster rollout vs fiber
  • Backup infrastructure during outages

The downside is deeper:

  • A private foreign entity controlling critical internet layers
  • Data governance ambiguity
  • Musk’s track record of unpredictability
  • Examples like Ukraine, where Starlink became geopolitically sensitive

So, Should India Trust Musk?

Wrong question. India operates on leverage and regulation and hence, there will be no blind acceptance from the citizens or the government.

It will be exciting to see the SpaceX IPO and their India operations debut.

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Pratyush Kumar
Pratyush Kumar
Pratyush Kumar is a senior journalist at EFY covering business, tech, and markets. Pratyush has a background in TV reporting and has a keen interest in electronics and emerging gadgets.

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