The Federal Communications Commission rescinded more than $2 billion in grants previously awarded to Elon Musk’s SpaceX and a small internet provider after the regulator ruled the companies weren’t likely to meet requirements for government funding to help expand broadband access.

The FCC had awarded SpaceX, formally known as Space Exploration Technologies Corp., $886 million in 2020 to provide faster internet to places with poor connections or no broadband access through its Starlink satellite service.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

U.S., Japan and South Korea vow unified response to North Korean threat

PHNOM PENH, Cambodia — President Joe Biden and the leaders of Japan…

Study suggests money can buy happiness — for households earning up to $123,000

A recent experiment suggests that money can indeed buy happiness — at least…

Bayer Welcomes Supreme Court’s Roundup Move

BERLIN—The U.S. Supreme Court’s request this week for the Biden administration to…

Some Trump records were torn up by the former president and later taped together, agency says

WASHINGTON — Some Trump White House documents preserved by the National Archives…