Elon Musk's SpaceX receives $886 mn from FCC to boost rural Internet access


 

The Federal Communications Commission (FCC) in the US has awarded Elon Musk's SpaceX $886 million as part of a programme to help bring high-speed broadband Internet to the country's rural areas.

A total of 180 bidders won part of the auction support totaling $9.2 billion to be distributed over the next 10 years, the FCC said on Monday.

"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 statement. Read More

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