India has rejected Elon Musk’s claim that Starlink, SpaceX’s satellite internet service, is being unfairly blocked from launching in the country. The pushback comes as SpaceX struggles to turn years of regulatory work and partnerships with India’s biggest telecom operators into a commercial launch in one of the world’s largest internet markets.
On Wednesday, Musk accused unnamed “oligarchs” of blocking Starlink’s launch in India to maintain what he called their “monopolistic chokehold” on the country, without identifying them or providing evidence for his claim. He called the alleged blocking a “crime against the people of India” and argued that Starlink could bring affordable, high-speed internet to people who lack internet access.
Hours later, India’s Ministry of Communications pushed back, saying its regulatory framework for satellite communications is “fair and non-discriminatory.” The ministry said in a statement that Starlink and two other licensed satellite operators are all at “broadly the same regulatory stage.” It added that all three companies are undergoing security assessments that must be completed before they can seek spectrum, the radio frequencies that satellites use to send signal.
Starlink has spent over five years trying to enter India, a market with more than a billion internet subscribers. But it has yet to begin commercial services despite securing key regulatory approvals and partnering with telecom giants Reliance Jio and Bharti Airtel last year. SpaceX has also set up a local team as it prepares for a launch, appointing former Payoneer executive Prabhakar Jayakumar to lead its India operations in December.
Musk’s comments came hours after Lauren Dreyer, Starlink’s vice president of business operations, appeared at a telecom industry conference, India Mobile Congress, in New Delhi and reiterated the company’s commitment to the market. “We stand ready to serve India,” Dreyer said, adding that Starlink wants to help realize Prime Minister Narendra Modi’s goal of achieving universal connectivity across the country.
Starlink said it already has more than 20 gateway sites (the ground stations that link its satellites to the internet) and hundreds of antennas on the ground in India, and has adapted its operations to meet the country’s regulatory, security, and data-sovereignty requirements. Moreover, SpaceX has positioned its satellite network as a complement to — rather than a replacement for — India’s terrestrial telecom networks.
SpaceX first attempted to launch Starlink in India in 2021. The company, however, had to refund preorders for its equipment in early 2022 after the Indian government called it out for “booking/rendering the satellite internet service” before getting the necessary licenses.
Starlink has also previously clashed with India’s largest telecom operators over how satellite spectrum should be allocated. Starlink pushed for spectrum to be assigned administratively, while Reliance Jio argued that it should be auctioned — a position that could have made Starlink’s entry more expensive. India ultimately sided with Starlink’s preferred approach, deciding to allocate satellite spectrum administratively rather than through an auction.
Jio and Airtel, the two biggest Indian telcos, are also pursuing their own satellite internet services, even as they have agreed to distribute Starlink in India. Jio is working with satellite operator SES on satellite broadband, while Airtel is a major backer of Eutelsat OneWeb, another licensed satellite operator in India.
While the timing of Starlink’s India launch remains unclear, the company this week launched Starlink Mobile, which connects ordinary phones to satellites, in neighboring Bangladesh this week.
Starlink, India’s Ministry of Communications, Reliance Jio, and Bharti Airtel did not immediately respond to requests for comment.
While VCs crowd into San Francisco, Endeavor Catalyst raises $320M for founders ‘elsewhere’
3:59 PM PDT · October 7, 2026
Endeavor Catalyst has closed its fifth fund with $320 million in capital commitments, bringing the firm’s total assets under management to more than $850 million. The raise is good news for founders outside the Bay Area who risk getting overlooked as more funds focus squarely on AI companies in Silicon Valley.
Endeavor Catalyst is the venture arm of Endeavor, a New York-based global nonprofit that has spent 30 years supporting founders outside major tech hubs. (It calls all those other places “elsewhere” throughout its marketing materials.)
The fund is run by managing partner Allen Taylor, a 20-year veteran of the organization, and managing director Jackie Carmel, who joined Endeavor Catalyst 12 years ago, along with a 16-person team. The official general partner, though, is Endeavor itself. What that means, says Linda Rottenberg, who co-founded Endeavor and helped start Endeavor Catalyst in 2012, is that “half of the fund’s profits go back to Endeavor, so every investment helps the next generation of founders who are building elsewhere.”
The bar for those founders is pretty high. A person first has to get into Endeavor’s network, where he or she can access Endeavor’s mentoring and extensive network, and that’s hard. Last year, the group says it screened more than 10,000 candidates and picked 88. The network now has more than 3,100 entrepreneurs in over 50 countries.
When one of those founders’ companies raises at least $5 million in a round led by another institutional investor, Endeavor Catalyst can join in on the same terms as that lead. The team tells TechCrunch that checks usually run $1 million to $3 million but can’t exceed 10% of the round.
Over the next few years, they plan to make 40 to 50 investments annually, investing in up to 150 companies altogether with this new fund, they say.
Taylor, via an email exchange, wouldn’t share numbers on cash-on-cash returns tied to its earlier funds, but he did point to some impressive-sounding numbers. Across all five funds, he says, Endeavor Catalyst has backed 437 companies in 44 markets. Eighty-three of those startups are currently valued at $1 billion or more, he says, and the unit has seen 39 exits and 11 IPOs.
Some of the venture arm’s most valuable holdings right now include four-year-old ElevenLabs, the maker of AI voice tools that was recently valued at $22 billion in a secondary sale (it was founded in Poland originally), and Bending Spoons, the 13-year-old Italy-based conglomerate that went public in July and that currently boasts a $26 billion market cap.
Other holdings include New York-based Reflection AI (founded by two former Google DeepMind researchers — one of whom was born in Greece), which is now valued at $25 billion; Checkout.com, whose founder is Swiss and which was valued last year at $12 billion; the African payments infrastructure company Flutterwave, valued this summer at $3.2 billion; and AI coding startup Replit, co-founded by Amjad Masad, who is Palestinian-Jordanian. Replit snagged a $9 billion valuation earlier this year.
Endeavor, the nonprofit, has especially well-connected people associated with it, including board members Reid Hoffman; Nick Beim, a career VC who has spent the last 25 years at Matrix Partners, then Venrock; and Edgar Bronfman Jr., the former head of Warner Music and Seagram, who chairs Endeavor’s board.
Greek Prime Minister Kyriakos Mitsotakis is a longtime friend of Endeavor, too, having gone to Harvard with Rottenberg. (Late last month in San Francisco, I sat down with him during a rare visit to the Bay Area that was organized by Endeavor and where he met with tech founders and Greek expatriates.)
Altogether, Endeavor Catalyst’s newest fund includes 400 limited partners, including Hoffman; famed hedge fund manager Bill Ackman; and the Dutch investment group Prosus. According to Taylor, roughly 30% of those backers are Endeavor founders themselves, including founders of Nubank, Revolut, and Checkout.com.
While so much attention is paid to what’s happening in San Francisco and its immediate environs right now, the bets of Endeavor Catalyst suggest what other investors may be missing, and Endeavor, with local teams and mentors in dozens of countries, seems particularly well-positioned to see it.
Indeed, about 90% of the venture arm’s investments are outside the U.S., it says. Europe is its fastest-growing region, with 12 new investments in the first half of 2026 compared with 14 in all of last year, though Latin America is still the largest.
Repeat founders are also becoming a bigger part of the mix. Taylor tells TechCrunch that roughly 14% of Endeavor Catalyst’s fourth fund went to second companies started by Endeavor founders at the seed or Series A stage. With this new fund, the team expects that number will reach 20%.
