India is taking a closer look at its plans to expand the use of SpaceX's Starlink satellite internet service, but it seems that concerns over local regulations and technical issues are causing some "cold feet" in the process.
The Indian government has expressed interest in partnering with SpaceX to offer Starlink services in the country, but so far, no official agreement has been reached. This development is concerning for investors who had hoped that a partnership would significantly boost Starlink's growth prospects. Instead, it appears that India's regulatory environment and technical challenges are making it difficult for SpaceX to move forward.
As a result, analysts expect the IPO plans of both companies to be put on hold until these issues are resolved. A successful IPO is crucial for generating significant funds, which will help SpaceX expand its services globally. With the Indian market being one of its most promising growth areas, investors are anxiously waiting to see how things play out in this case.