Elon Musk’s Starlink satellite internet project loses $85.5 million subsidy from FCC. The funding, part of FCC’s Rural Digital Opportunity Fund (RDOF), aimed to bring broadband internet to underserved rural areas. FCC denies subsidy to Starlink, stating it didn’t meet necessary criteria and failed basic program requirements. FCC Chairwoman Jessica Rosenworcel emphasizes responsibility to expand access to rural broadband and not fund applicants that fall short. SpaceX expresses disappointment and perplexity, arguing that Starlink is the only viable option for connecting rural and remote areas lacking reliable and affordable internet.
Why Elon Musk’s Starlink lost $86 million: All the details
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Why Elon Musk’s Starlink lost $86 million: All the details
Elon Musk’s Starlink satellite internet project loses $85.5 million subsidy from FCC. The funding, part of FCC’s Rural Digital Opportunity Fund (RDOF), aimed to bring broadband internet to underserved rural areas. FCC denies subsidy to Starlink, stating it didn’t meet necessary criteria and failed basic program requirements. FCC Chairwoman Jessica Rosenworcel emphasizes responsibility to expand access to rural broadband and not fund applicants that fall short. SpaceX expresses disappointment and perplexity, arguing that Starlink is the only viable option for connecting rural and remote areas lacking reliable and affordable internet.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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