One other day, one other transfer from the Trump administration that may benefit Elon Musk — surprising. The US Department of Commerce has introduced an overhaul of 2021's Broadband Equity, Access, and Deployment (BEAD) program and its $42.5 billion that may funnel work to Musk's Starlink.
The BEAD program was initially designed to provide states funding for fiber-optic cable set up, enhance Wi-Fi networks and free broadband web entry for some people. Fiber-optic broadband supplies the quickest web speeds, however the brand new mandate will eliminate BEAD's desire for it.
"The Division is ripping out the Biden Administration’s pointless necessities," stated US Secretary of Commerce Howard Lutnick in a press release. "It’s revamping the BEAD program to take a tech-neutral strategy that’s rigorously pushed by outcomes, so states can present web entry for the bottom value."
The writing on the wall is evident: Musk, the richest particular person on the planet, chief of a division to cut back authorities waste (learn: cut many critical jobs and applications) and an unelected proper hand to what can greatest be described as an authoritarian authorities, is about to make much more cash.
Below the Biden administration in 2023, Starlink acquired a rejection from the Federal Communications Fee for almost $900 million in subsidies. The FCC said that Starlink's utility, which was a part of the Rural Digital Alternative Fund program, failed to fulfill this system's necessities.
This text initially appeared on Engadget at https://www.engadget.com/big-tech/musks-starlink-stands-to-benefit-from-changes-to-a-broadband-equity-program-132521582.html?src=rss
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