NewsEconomicsElon Musk's Space X revoked nearly 900 million subsidies

Elon Musk’s Space X revoked nearly 900 million subsidies

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The subsidies had already been granted, but Starlink, “is a technology still in development and the company has failed to demonstrate that it can provide the promised service.” Revoked to Space X, Elon Musk’s aerospace company, $ 856 million of subsidies guaranteed in December, because according to the US communications authority, the satellite infrastructure for which it should have obtained them, Starlink, “is a technology still in development and the company has failed to demonstrate that it can provide the promised service. “. To make it known is the CNN. Funds for Musk’s company are part of the $ 9 billion Rural Digital Opportunity Fund, funded through regular withdrawals from US internet customers, which aims to bring fast internet to rural areas of the United States. Starlink is a network of satellites still under construction for broadband and low latency global satellite internet access.

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