Jio Platforms Sets IPO Dates Amid Ambani-Musk Valuation Dispute

Key Facts

1Jio Platforms, India's largest-ever IPO, is scheduled to hit the market between October 21-23.

2Elon Musk has claimed that Mukesh Ambani is blocking the launch of Starlink services in India.

Jio Platforms, India's largest-ever IPO, is scheduled to hit the market between October 21-23. CNBC reported that the announcement coincides with intensifying tensions between Mukesh Ambani and Elon Musk, with Musk claiming that Ambani is attempting to block the launch of Starlink satellite internet services in India.

SPCX closed at $156.54 on October 13, 2026, having reached a session high of $161.98 and a low of $156.05. While the IPO marks a major milestone for Reliance Industries, the potential entry of Starlink into the Indian market poses a competitive threat that could impact Jio's valuation.