Senator calls for New Mexico to divest from Elon Musk's companies over Russia ties
What happened
Senator Jeff Steinborn wrote to the New Mexico State Investment Council urging it to divest from all companies controlled by Elon Musk. He called for the council to cease investments connected to Russia, citing the invasion of Ukraine and reports concerning the restriction of Starlink satellite communications used by Ukrainian forces.
Why it matters
Steinborn stated that New Mexico should not allow its public investment portfolio to contribute to the economic interests of the Russian government or entities supporting its war in Ukraine. This action puts political pressure on the State Investment Council regarding its financial holdings.
Who's involved
- Jeff SteinbornSenator urging the New Mexico State Investment Council to divest from companies controlled by Elon Musk.
- Elon MuskBusinessman whose companies are the subject of the divestment call.
- New MexicoState whose investment council is being urged to change its portfolio.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New MexicoSpeculative
New Mexico might change its financial exposure by adjusting its public investment portfolio.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Jeff Steinborn
American politician (born 1970)
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Elon Musk
businessman and entrepreneur (born 1971)
Related events
- Musk's Starlink is vital to Ukraine's war effort, while he also influences business dealings in India.
- A film examines Elon Musk's power and investment methods.
- Elon Musk plans to give away SpaceX shares and responded to Anthropic's fund post, highlighting the companies' involvement in AI.
- Elon Musk's companies, including SpaceX, are subject to regulatory filings.
- Russia's war in Ukraine drives gold sales, affecting China's imports, while Musk's merger claim boosts US tech stocks.