SpaceX Wins Over $880 Million in Federal Subsidies to Develop Starlink Network

MOSCOW (Sputnik) – SpaceX will get close to $900 in subsidies from the US Federal Communications Commission to support the company’s Starlink satellite internet network, the FCC auction results show.

“I’m thrilled with the incredible success of this auction, which brings welcome news to millions of unconnected rural Americans who for too long have been on the wrong side of the digital divide. They now stand to gain access to high-speed, high-quality broadband service,” FCC Chairman Ajit Pai said in a Monday release of auction results, which include 180 winners.

SpaceX won $885.5 million in the FCC’s $9.2 billion “Phase I auction,” which is part of the commission’s $20.4 billion Rural Digital Opportunity Fund. The federal subsidies will be distributed over the next 10 years.

The Rural Digital Opportunity Fund “Phase I auction” is part of the FCC’s broader effort to encourage broadband providers to bring internet service to hard-to-reach areas in the US.

SpaceX has already launched hundreds of Starlink satellites, although not all of them are operational. Elon Musk’s company plans to fly a total of 12,000-42,000 satellites into orbit over the next seven years, with the aim of providing high-speed internet to any location on Earth.

Sourse: sputniknews.com

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