Connect with us

Hi, what are you looking for?

Hitthestock.comHitthestock.com

Tech News

Starlink loses out on $886 million in rural broadband subsidies

A picture of the US Capitol stylized with rings around the dome.
Illustration by Alex Castro / The Verge

The FCC announced today that it won’t award Elon Musk’s Starlink an $886 million subsidy from the Universal Service Fund for expanding broadband service in rural areas. The money would have come from the Rural Digital Opportunity Fund program (RDOF), but the FCC writes that Starlink wasn’t able to “demonstrate that it could deliver the promised service” and that giving the subsidy to it wouldn’t be “the best use of limited Universal Service Fund dollars.”

That was the same reason the FCC gave when it rejected Starlink’s bid last year, which led to this appeal. SpaceX had previously won the bidding to roll out 100Mbps download and 20Mbps upload “low-latency internet to 642,925 locations in 35 states,” funded by the RDOF.

“The FCC is…

Continue reading…

You May Also Like

Editor's Pick

Travis Fisher The Environmental Protection Agency’s (EPA’s) greenhouse gas (GHG) rule for power plants was published in May 2023 and the original comment period...

Tech News

Illustration by Alex Castro / The Verge Apple announced a pilot program called “contingent pricing for subscriptions” on Friday that will let App Store...

Editor's Pick

In this edition of the GoNoGo Charts show, as equities rally with speed from 4600 to 4700 this week, Alex and Tyler take a...

Editor's Pick

In the fourth of a five-part special series on StockCharts TV‘s The Final Bar, Dave discusses the top leadership trends of 2023. From the concept of...