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Realistically, I think it's funded in large parts by U.S. government grants to provide affordable internet to rural areas. https://www.cnbc.com/2020/12/07/spac
by jchw 4y ago
Realistically, I think it's funded in large parts by U.S. government grants to provide affordable internet to rural areas.
https://www.cnbc.com/2020/12/07/spacex-starlink-wins-nearly-900-million-in-fcc-subsidies-auction.html https://www.cnbc.com/2020/12/07/spacex-starlink-wins-nearly-...
Of course though, I'm not sure what the status on that is today. Looks like they may not be able to ride that train anymore:
https://www.reuters.com/world/us/us-rejects-broadband-subsidies-spacexs-starlink-ltd-2022-08-10/ https://www.reuters.com/world/us/us-rejects-broadband-subsid...
- panick21_ 4y agoThat was never considered a large part of the funding. That would simply have been some additional income over the next decade. And its not happening now anyway. And given the limited capacity, they might as well use that capacity for other costumers.