Elon Musk is in even more trouble now.
after all — a substantial setback that couldn't have come at a worse time for the billionaire entrepreneur.
"Starlink’s technology has real promise," she said. "But the question before us was whether to publicly subsidize its still-developing technology for consumer broadband — which requires that users purchase a $600 dish — with nearly $900 million in universal service funds until 2032." And remember, for context, that Starlink is the backbone of Musk's vision for the company — to the degree that he explicitly mentioned the service when he warned employees of a possible SpaceX bankruptcy in a"After careful legal, technical, and policy review, we are rejecting these applications. Consumers deserve reliable and affordable high-speed broadband," Rosenworcel wrote in her announcement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Democratic Wins Prompt Speculation of Biden ComebackPresident Joe Biden has seen multiple legislative wins that some say could boost Democrats’ 2022 elections outlook. See potential bias and similarities in coverage from nytimes, BBCNews and NRO: JoeBiden Politics
Read more »
IRA Puts Economic Muscle Behind Search For Sustainable Aviation FuelThe Inflation Reduction Act contains major new incentives for the sustainable aviation fuel research and development.
Read more »
Average Gas Prices Fall Below $4 Per GallonSee multiple perspectives from Reuters, Washington Times, and New York Times (News) at AllSides.com.
Read more »
FCC denies SpaceX bid for nearly $1 billion in rural broadband subsidies for StarlinkThe FCC said Starlink 'failed to demonstrate that the providers could deliver the promised service' needed to receive the subsidies.
Read more »
Fire crews leave Delaware to help battle wildfires in CaliforniaAction News and 6abc.com are Philadelphia's source for breaking news and live streaming video online, covering Philadelphia, Pennsylvania, New Jersey, Delaware.
Read more »
How Detroit moved on from its legendary bankruptcyA new wave of development is rippling through downtown Detroit. Residents say the changes have the potential to be beneficial, but also raise concerns over gentrification and displacement. Watch the video to learn more.
Read more »