SpaceX’s Starlink constellation wins $885 million in federal subsidies
Capitalism in space: In awarding $9.2 billion in subsidies to providers of rural high-speed internet to rural customers, the FCC gave $885 million of this allocation to SpaceX’s Starlink constellation.
SpaceX was not the biggest beneficiary, however.
Most of the RDOF Phase I subsidies are going to terrestrial broadband service providers, led by LTD Broadband with an award of $1.32 billion. CCO Holdings, a subsidiary of Charter Communications, is due to serve 1.05 million sites around the country, leading the list for that metric.
The FCC said 85% of the 5.2 million sites to be served would get gigabit-speed broadband. SpaceX is due to serve nearly 643,000 sites with download speeds of 100 megabits per second or more.
Regardless of its good intentions, this distribution of federal cash sickens me. These companies don’t need it to do what they are doing, and are all sure to make plenty of profit without it. The federal government meanwhile is trillions in debt. It has to print money to give this away, something that is not going to go well in the long run.
Capitalism in space: In awarding $9.2 billion in subsidies to providers of rural high-speed internet to rural customers, the FCC gave $885 million of this allocation to SpaceX’s Starlink constellation.
SpaceX was not the biggest beneficiary, however.
Most of the RDOF Phase I subsidies are going to terrestrial broadband service providers, led by LTD Broadband with an award of $1.32 billion. CCO Holdings, a subsidiary of Charter Communications, is due to serve 1.05 million sites around the country, leading the list for that metric.
The FCC said 85% of the 5.2 million sites to be served would get gigabit-speed broadband. SpaceX is due to serve nearly 643,000 sites with download speeds of 100 megabits per second or more.
Regardless of its good intentions, this distribution of federal cash sickens me. These companies don’t need it to do what they are doing, and are all sure to make plenty of profit without it. The federal government meanwhile is trillions in debt. It has to print money to give this away, something that is not going to go well in the long run.