BEIRUT (Enmaeya News) – Elon Musk, CEO of Tesla, SpaceX and X platform, has expressed enthusiasm about entering Lebanon’s telecommunications and internet market, during a call this week with President Joseph Aoun, according to a Lebanese presidential statement.

In a telephone conversation held on June 26, Musk conveyed his interest in having his companies expand into Lebanon, particularly within the telecoms and internet sectors. President Aoun responded positively, affirming that Lebanon was prepared to provide “all necessary facilitation within the country's legal and regulatory framework” to facilitate such investments.

At the conclusion of the call, Aoun formally extended an invitation for Musk to visit Beirut. The billionaire thanked him, noting that he would “consider a visit at the earliest suitable opportunity”.

Lebanon’s telecoms industry has long sought foreign investment amid a prolonged economic crisis. The country's financial collapse—marked by a near-total loss in the value of the Lebanese pound since late 2019—has severely undermined infrastructure and internet access. In this context, the entry of a player like Musk could potentially inject both capital and technical expertise, particularly through his satellite internet arm, Starlink, which has already expanded into other emerging markets such as Sri Lanka.

A source at the presidential palace emphasised that any new venture would need to be underpinned by a transparent regulatory process, though no specifics about required licences or market segments yet emerged.

Musk’s stated interest, while preliminary, signals a novel opportunity for Lebanon. It also reflects his broader ambition to globalise Starlink’s network, connecting developing regions often overlooked by conventional providers. For Lebanon, grappling with an economic downturn and frequent power shortages, wider access to fast internet could come as a strategic boost.

Musk, who recently led his AI company xAI through a major, though modestly received, $5 billion debt raise, appears intent on diversifying his ventures beyond vehicles, rockets and social media platforms.

Whether this high-profile conversation translates into concrete investment remains to be seen, but it opens a door to an era of potential innovation in Lebanon’s beleaguered technology sector.