# Elon Musk Targets Reliance Ahead of Jio IPO

> Musk attacks Ambani's Reliance as Jio prepares for India's largest IPO.
- Title: Elon Musk Targets Reliance Ahead of Jio IPO · mint | Shortify
- Summary: Musk attacks Ambani's Reliance as Jio prepares for India's largest IPO. Musk's Starlink aims to compete with Jio Platforms in India before its IPO launch.
- Keywords: elon musk, mukesh ambani, reliance industries, jio platforms, ipo, starlink, spacex, tesla, india, stock market, money, business
- Source: mint — https://livemint.com/market/stock-market-news/elon-musk-vs-mukesh-ambani-why-is-tesla-spacex-ceo-attacking-reliance-industries-ahead-of-jio-platforms-ipo-launch-11791704026670.html
- Author: Asit Manohar
- Published: 2026-10-11T09:00:29+00:00
- Read time: 1 min
- Topics: elon musk, mukesh ambani, reliance industries, jio platforms, ipo, starlink, spacex, tesla, india, stock market, money, business
## Musk Targets Reliance
Elon Musk, CEO of Tesla and SpaceX, directly attacks Reliance Industries ahead of Jio Platforms' IPO launch.

> Ambani Is Not Going Out Of Business
## Musk's Starlink vs Jio Platforms
Musk's Starlink aims to compete with Jio Platforms in India's primary market as both companies prepare for competition.
## Jio Platforms IPO Details
Jio Platforms' IPO price band is set at ₹ 1,065 to ₹ 1,119 per equity share for a potential $106 billion valuation.
## Musk's Competitive Strategy
Musk plans to price Starlink affordably in India to compete with Jio's low-cost model after targeting the Indian market.
## Musk's Statement on Competition
Musk claims competition will benefit Indian citizens while Ambani's profits will be lower but he won't go out of business.

> Ambani's profits will be lower, but he is not going out of business
## Expert Analysis on Competition
Experts say Jio has existing market knowledge while Starlink enters new markets to disrupt local telecom players.
## Musk's Previous Market Moves
Musk established Starlink in Kenya to disrupt local telecom players before entering the Indian market.
## Musk's Price Strategy
Musk states Starlink must be affordable in India where mobile data costs about 8 cents per gigabyte.
## Musk's Competitive Advantage
Starlink has the luxury of entering new markets while Jio has existing market understanding in India.
## Musk's Political Comments
Musk criticized the Indian government for aiding Ambani in business rivalry with Starlink.
## Expert on Lobbying
Experts suggest Musk's attacks on Ambani might be part of US lobbying practices to influence Indian policy.
## Musk's US Lobbying
Tesla and SpaceX have registered to lobby the US federal government under the Lobbying Disclosure Act.
## Key takeaway

Musk's Starlink aims to compete with Jio Platforms in India before its IPO launch.