Elon Musk’s SpaceX loses Starlink rural broadband subsidies

SpaceX owner and Tesla CEO Elon Musk. (REUTERS) — SpaceX owner and Tesla CEO Elon Musk. (REUTERS)

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2 min read . Updated: 11 Aug 2022, 07:09 PM IST DREW FITZGERALD, The Wall Street Journal

FCC rescinds $2 billion in grants to SpaceX and an internet provider, saying they weren’t likely to meet requirements

The Federal Communications Commission rescinded more than $2 billion in grants previously awarded to Elon Musk’s SpaceX and a small internet provider after the regulator ruled the companies weren’t likely to meet requirements for government funding to help expand broadband access.

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