HomeBusinessFCC denies SpaceX Starlink for nearly $1 billion broadband subsidies

FCC denies SpaceX Starlink for nearly $1 billion broadband subsidies

A Starlink satellite terminal, also known as a dish, setup in front of an RV.


The Federal Communications Commission on Wednesday denied SpaceX’s bid for nearly $1 billion in subsidies to support rural broadband customers through the company’s Starlink satellite internet network.

SpaceX, which is controlled by Elon Musk, had been awarded $885.5 million in the FCC’s $9.2 billion auction in December 2020 under the regulator’s Rural Digital Opportunities Fund. The company sought funding to provide satellite internet service to nearly 650,000 locations in 35 states, the FCC noted.

The FCC subsidies are designed to be an incentive for broadband providers to bring service to the “unserved” and hard-to-reach areas of the United States.

In a press release, the FCC said both Starlink and LTD Broadband – another company that initially was awarded $1.3 billion in subsidies under the program…

Read more at www.cnbc.com

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