New Development Is Extremely Bad News for SpaceX

8/11/2022 11:55:00 PM

Elon Musk is in even more trouble now.

Elon Musk is in even more trouble now.

The Federal Communications Commission recently announced that Elon Musk's space venture won't receive the almost $900 million in promised subsidies.

Starlink satellite internet business after all — a substantial setback that couldn't have come at a worse time for the billionaire entrepreneur.New York Times (News) ANALYSIS President Biden arrived at Air Force One on Monday with a jaunty step, a playful manner and a huge grin.By Published 8 seconds ago There’s a lot yet to unpack in the 700+ page Inflation Reduction Act of 2022.New York Times (News) Gas prices in the United States fell below $4 a gallon on Thursday, retreating to their lowest level since March, a drop that has brought relief to Americans struggling with the skyrocketing cost of everything from groceries to rent.

The federal regulator was counting on SpaceX speedily getting its high-speed internet service up and running across rural America, but the company "failed to demonstrate that [it] could deliver the promised service," according to an announcement by FCC chairwoman Jessica Rosenworcel."Starlink’s technology has real promise," she said.He meant physically, having finally ended his lengthy bout with Covid-19, but he could have been talking about his presidency writ large."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.Let’s be honest." The controversial grant was handed out by former FCC chairman Ajit Pai under the Trump administration, back in December 2020.Biden has emerged from medical isolation to a new political world.The commission doled out around $9 billion in funding to 180 different broadband providers at the time, as part of the Rural Digital Opportunity Fund, though critics did accuse Pai of mismanaging the auction and sending funds to the wrong areas.Energy costs feed into broad measures of inflation, so the drop is.

But SpaceX's application for the almost $1 billion boost — the largest tranche meant to bring broadband service to 642,925 locations across 35 states — has now been rejected, leaving a major hole in SpaceX's efforts to roll out its global internet service..We really shouldn’t be sacrificing our earthly home for the convenience of being able to fly anywhere in the world at a moment’s notice.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.Helping Musk succeed, though, isn't the mandate of the federal government.."After careful legal, technical, and policy review, we are rejecting these applications.That’s nearly 100 times more than the entire world will produce this year.Consumers deserve reliable and affordable high-speed broadband," Rosenworcel wrote in her announcement.

"We must put scarce universal service dollars to their best possible use as we move into a digital future that demands ever more powerful and faster networks." "We cannot afford to subsidize ventures that are not delivering the promised speeds or are not likely to meet program requirements," she added.50 per gallon for sustainable fuels with 50% lower life cycle greenhouse gas emissions than standard jet fuel.It's yet another setback for Musk, who has been embroiled in a fierce legal battle to buy Twitter as of late, a chaotic and expensive mess of his own making.The news comes after official filings revealed that Elon Musk.

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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.

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