• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechElon Musk
Europe

​Elon Musk eyes €1.5 billion Italy SpaceX deal after confidante Giorgia Meloni visits Trump at Mar-a-Lago

Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
Down Arrow Button Icon
Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
Down Arrow Button Icon
January 6, 2025, 7:03 AM ET
Elon Musk speaks with U.S. President-elect Donald Trump as they watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. SpaceX’s billionaire owner, Elon Musk, a Trump confidante, has been tapped to lead the new Department of Government Efficiency alongside former presidential candidate Vivek Ramaswamy.
Musk and Trump have formed a close bond ahead of the latter’s return to the White House.Brandon Bell—Getty Images

Elon Musk is close to further solidifying his ties with Europe’s right-wing political class as his SpaceX group nears a historic deal with the Italian government to provide security services to the public sector, just as Prime Minister Giorgia Meloni made a surprise visit to Donald Trump’s Florida residence. 

Recommended Video

SpaceX is in advanced talks with the Italian government to supply top-level encryption for telephone and internet services used by the government, Bloomberg reported, citing people familiar with the matter. The deal, which is valued at €1.5 billion, has reportedly already been approved by Italy’s intelligence services and its Defense Ministry.

The deal would represent the latest expansion to SpaceX’s activities with national governments after adding 20 nations to its Starlink satellite services in 2024.

The negotiations, which began in mid-2023, stalled as some government officials fretted about the impact on the country’s local carriers. Starlink previously accused Telecom Italia of blocking the rollout of its high-speed internet services across the country.

Meloni, who has criticized Italian groups, including Fiat, now part of Stellantis, over accusations of outsourcing their business activities, appears to have made an exception for Musk.

Meloni plays down national security fears

Speaking to Corriere della Sera, Meloni played down fears that the deal could risk national security. 

“I work to have major investments in Italy and evaluate the usefulness of each investment through the prism of our national interest,” said Meloni.

Bloomberg reports that the deal made fresh progress after Meloni visited President-elect Donald Trump’s Mar-a-Lago residence in Florida over the weekend. 

Representatives for SpaceX and Italy’s Defense Ministry didn’t immediately respond to a request for comment.

Musk has developed a close relationship with Meloni, who leads the far-right Brothers of Italy party. The pair bonded over falling birth rates in the Western world and potential applications of AI. 

They have attended several events together, which included Musk serving as the star guest at the Brothers of Italy annual conference in 2023. 

Presenting Meloni with a Global Citizen Award in New York in September, Musk described the Italian premier as ​​“authentic, honest, truthful—and that can’t always be said about politicians.”

Musk was forced to deny a romantic relationship with Meloni, who has painted Musk as a misunderstood genius.

“He is a great figure of our times, an extraordinary innovator who has always had his gaze fixed on the future,” Meloni told Corriere.

“It makes me laugh a bit that there are people who used to praise him as a genius but today depict him as a monster, just because he has chosen the ‘wrong’ political camp, as they see it.”

Musk tightens links to Europe

The world’s richest person has aggressively courted Europe’s right-wing parties in recent months after turning his attention away from the U.S. following Trump’s election victory in November.

Musk has voiced his support for Germany’s far-right Alternative for Germany (AfD) party, and reports suggest he will host a discussion on X with its leader, Alice Weidel. However, Musk has drawn criticism from Olaf Scholz and other German leaders over his comments on the country’s upcoming elections in February. 

He has also made imprisoned U.K. far-right leader Tommy Robinson his latest cause célèbre, calling for his release amid fresh attention on grooming gangs, sparking criticism from U.K. leaders. On Sunday, Musk called for Nigel Farage to step down as leader of the far-right Reform Party, which appeared to result from a disagreement between the pair over Robinson.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Ryan Hogg
By Ryan HoggEurope News Reporter

Ryan Hogg was a Europe business reporter at Fortune.

See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
North America
'I meant what I said in Davos': Carney says he really is planning a Canada split with the U.S. along with 12 new trade deals
By Rob Gillies and The Associated PressJanuary 28, 2026
2 days ago
placeholder alt text
Politics
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
2 days ago
placeholder alt text
C-Suite
Jeff Bezos capped his Amazon salary at $80,000: ‘How could I possibly need more incentive?’
By Sydney LakeJanuary 28, 2026
2 days ago
placeholder alt text
C-Suite
Fortune 500 CEOs are no longer giving employees an A for effort. Now they want proof of impact
By Claire ZillmanJanuary 28, 2026
2 days ago
placeholder alt text
Investing
Jerome Powell got a direct question about the U.S. ‘losing credibility’ and the soaring price of gold and silver. He punted
By Eva RoytburgJanuary 29, 2026
1 day ago
placeholder alt text
Personal Finance
Current price of silver as of Thursday, January 29, 2026
By Joseph HostetlerJanuary 29, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Tech

Former Google DeepMind researcher David Silver
AIGoogle DeepMind
Exclusive: Long-time Google DeepMind researcher David Silver leaves to found his own AI startup
By Jeremy KahnJanuary 30, 2026
3 hours ago
phone
Arts & EntertainmentSocial Media
Twenty-somethings discover nostalgia, throwing back to a carefree time before the ‘dark days’: 2016
By Pavan Mahal and The Associated PressJanuary 30, 2026
3 hours ago
taxi
Commentaryregulation
America’s AI regulatory patchwork is crushing startups and helping China
By James Richardson and Eric TanenblattJanuary 30, 2026
5 hours ago
Photo of Elon Musk
NewslettersTerm Sheet
$100 million-plus funding rounds used to be incredibly rare. Now, 40% of seed and Series A rounds are clearing that bar
By Allie GarfinkleJanuary 30, 2026
5 hours ago
NewslettersFortune Tech
Apple delivers blowout earnings; gets bupkis
By Alexei OreskovicJanuary 30, 2026
6 hours ago
AICollaboration
Are you a cyborg, a centaur, or a self-automator? Why businesses need the right kind of ‘humans in the loop’ in AI
By François Candelon, Katherine Kellogg, Hila Lifshitz and Steven RandazzoJanuary 30, 2026
6 hours ago