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Putin praised Elon Musk as a "real genius" as Russia works to develop its own satellite constellation, Rassvet, as an alternative to Starlink. The remarks were reported by CNBC on October 29, 2026. CNBC reported that Russia is developing Rassvet as its own version of the Starlink satellite network. The available headline did not include details on the program's timeline, funding or capabilities.

Sources:CNBC Top News

1 outlet · 1 article · first seen Oct 29, 6:00 AM ET

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Stored closes for the instruments tied to this story's tags and places, with their dates.

  • XLC closed at 103.14, down 0.42%, on 2026-10-28. Listed for: Communication Services sector ETF.

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Corroborated by 1 outlet (GDELT)