Musk’s SpaceX denied US$2 billion in FCC funding for broadband network
The US Federal Communications Commission (FCC) has rejected applications from Elon Musk-owned SpaceX for more than US$2 billion in internet service subsidies. The company sought funding to provide 100/20 Mbps service to 642,925 locations in 35 states via its Starlink subsidiary. The business has launched 2,700 satellites since 2019 and has hundreds of thousands of […]