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US govt denies $885 million subsidy to Elon Musk's Starlink
short by Mansi Agarwal / on Wednesday, 13 December, 2023
Elon Musk's satellite internet service Starlink has been denied an $885.5 million subsidy by the US Federal Communications Commission (FCC). The subsidy, meant to boost high-speed internet service in rural areas, was initially revoked from Starlink provider SpaceX in 2022 but the company had challenged the decision. Musk said the FCC's decision "doesn't make sense".
read more at Reuters