FCC Won’t Reinstate $900M Subsidy For Musk’s SpaceX

Reuters reports:

The U.S. Federal Communications Commission on Tuesday reaffirmed its 2022 decision to deny SpaceX satellite internet unit Starlink $885.5 million in rural broadband subsidies.

The FCC said the decision impacting Elon Musk’s space company was based on Starlink’s failure to meet basic program requirements and that Starlink could not demonstrate it could deliver promised service after SpaceX had challeged the 2022 decision.

The FCC cited among its reasons SpaceX’s failure to successfully launch its Starship rocket, saying “the uncertain nature of Starship’s future launches could impact Starlink’s ability to meet” its obligations.

Read the full article.

US agency will not reinstate $900 mln subsidy for SpaceX Starlink unit https://t.co/VXpxnp8pWi pic.twitter.com/MBPN3dpdLf

— Reuters (@Reuters) December 13, 2023