Elon Musk’s SpaceX Loses Starlink Rural Broadband Subsidies

The Federal Communications Fee rescinded greater than $2 billion in grants beforehand awarded to Elon Musk’s SpaceX and a small web supplier after the regulator dominated the businesses weren’t prone to meet necessities for presidency funding to assist increase broadband entry.

The FCC had awarded SpaceX, formally often called Area Exploration Applied sciences Corp., $886 million in 2020 to supply quicker web to locations with poor connections or no broadband entry by its Starlink satellite tv for pc service.