STARLINK SYSTEM WAS WORKING MORE NORMALLY THURSDAY, SHORTLY AFTER THE TRUMP-MUSK CONVERSATION, U.S. AND UKRAINIAN OFFICIALS SAID - WSJ

Officials from the United States and Ukraine told the Wall Street Journal that Starlink's satellite internet service was operating more normally on Thursday, shortly after a conversation between President Trump and Elon Musk. The report links a restoration of service to a direct high-level exchange, which points to the transmission channel running through geopolitical risk premia and the perceived reliability of commercial space infrastructure supporting military and government communications. Assets most exposed are Ukraine-linked sovereign and defense-adjacent instruments, where investors price the durability of battlefield communications, and Musk-linked equities such as Tesla, where headline risk tied to political relationships can reprice sentiment. Traders should watch for any official confirmation or further detail on the cause of the disruption, and for pricing reactions in Ukrainian sovereign bonds and European defense stocks in the next trading session.

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