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.
Ouch.
“Trouble is a friend…No matter where you go, no matter if you are fast or slow”😺
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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 nytimes BBCNews NRO He’s dead again 2 years later?
Source: AllSidesNow - 🏆 572. / 51 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. Green hydrogen would be cool. interesting twelve_co2
Source: cleantechnica - 🏆 565. / 51 Read more »
Average Gas Prices Fall Below $4 Per GallonSee multiple perspectives from Reuters, Washington Times, and New York Times (News) at AllSides.com.
Source: AllSidesNow - 🏆 572. / 51 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. thesheetztweetz Good. Let Musk pay for it out of his own pocket, he certainly can afford it. Socialism for the corporations must end.
Source: universetoday - 🏆 297. / 63 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.
Source: 6abc - 🏆 250. / 63 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. Make up your mind. Do you want prosperity or to house the poor? Pick one. You cant have both. Please explain gentrification to me? People moan about how crime ridden and run down their neighborhoods are. Fix them up and they get mad. Leave them alone and they get mad. The idea is everyone wants a luxury condo and the govt/taxpayer to supplement the cost of living? There are problems with the audio on some segments of this interesting video. Please fix it and post it again.
Source: CNBC - 🏆 12. / 72 Read more »