Trumps Starlink Play

Briefing:

Starlink & Trump:

• Trump is using tariffs as leverage to secure regulatory approvals for Elon Musk’s Starlink in multiple countries.

• Countries like Lesotho, Cambodia, and India have recently approved Starlink after facing new U.S. tariffs.

• India alone gives Starlink access to 1.4B users; Bangladesh adds 170M.

• This push aims to position Starlink as critical global infrastructure before its planned 2025 IPO.

T-Mobile Deal:

• T-Mobile-Starlink direct-to-cell service launches July 2025.

• All U.S. mobile users, including Verizon/AT&T, can use it for $20/month.

• T-Mobile premium users get it free, others pay $15/month.

• Coverage includes 500,000+ sq miles currently unreachable by towers.

• 590+ satellites already launched.

Impact on Stocks:

• STM (STMicroelectronics): Provides components for Starlink terminals. Big upside as more countries adopt.

• AMD: Dual play — benefits from Starlink and a $10B AI deal with Saudi Arabia’s HUMAIN project.

  • Data center revenue up 57% YoY.

  • MI350 AI chip launching mid-2025 — claims 35x performance boost.

  • Despite export controls, AMD expects double-digit growth in 2025.

Crypto Note:

• Trump aims for U.S. dominance in next-gen digital assets.

• A group claims to have identified 5 emerging cryptos aligned with this vision.

Summary:

• Trump’s policies are actively boosting Starlink.

• Starlink IPO and infrastructure expansion = big plays for STM & AMD.

• Watch for regulatory momentum, satellite rollouts, and the T-Mobile launch as key triggers.