What do you think about Elon Musk owning so many satelites?

My cousin posted this on facebook:

“A study by New York Times reporters on Friday noted that Elon Musk has steadily come to dominate satellite internet technology with the Starlink technology made by his SpaceX rocket company, and that he has used that dominance to restrict the activities of Ukraine’s military. Musk began to launch satellites into space in 2019, and currently has in position more than 4,500 of the 42,000 satellites he plans. He controls more than 50% of the globe’s working satellites.

The federal government contracts with SpaceX for its rockets and the technology that reaches into areas other companies don’t yet reach. Ukraine, for example, depends on the 42,000 Starlink terminals across the country. Late last year, Musk restricted the use of Starlink on the battlefields, leaving Ukrainian troops without the ability to communicate in a way that suggests he was conducting his own foreign and military policy that conflicted with that of the United States. But a number of countries worry that no one man should have such power, and U.S. officials noted his proposals for a peace plan that would have given Russia Ukrainian land.”

Is that true and what do you think about it? I consider the New York Times to be overall reliable in their fact checking.