Why Elon Musk’s Starlink lost $86 million: All the details

Elon Musk’s Starlink satellite internet project loses $85.5 million subsidy from FCC. The funding, part of FCC’s Rural Digital Opportunity Fund (RDOF), aimed to bring broadband internet to underserved rural areas. FCC denies subsidy to Starlink, stating it didn’t meet necessary criteria and failed basic program requirements. FCC Chairwoman Jessica Rosenworcel emphasizes responsibility to expand access to rural broadband and not fund applicants that fall short. SpaceX expresses disappointment and perplexity, arguing that Starlink is the only viable option for connecting rural and remote areas lacking reliable and affordable internet.