To help fund the project, the Elon Musk-founded aerospace company competed in a $16 billion reverse-auction called Rural Digital Opportunity Fund Phase I.
RDOF's goal is to subsidize broadband internet in areas of the US where access is limited or unavailable.of 180 winning bidders, who won rights to more than $9.3 billion in support over the next 10 years. SpaceX won $885 million in bids for Starlink across 35 states. The company now has to complete a long-form application to secure rights to the subsidies — and deliver on its promises.On Monday, SpaceX received some very good news from the Federal Communications Commission: The company has won more than $885 million in federal subsidies for its Starlink satellite-internet project.
The money comes from the Rural Digital Opportunity Fund, a $20.4 billion effort to spread high-speed internet across America. The FCC program is designed to lure internet service providers into bringing broadband to parts of the US where decent web access is lacking or nonexistent. The FCC split the project into two reverse auctions, called Phase I and Phase II . Bidding for coverage areas in Phase I ran from October 29 through November 25, and the format made bids for higher-speed, lower-latency service much more valuable than bids for lower-speed, higher-latency service.In total, those companies and consortiums gained access to $9.23 billion in support for 5.
LAVAoption Yeah all rich like subsidy until it for people who cannot afford one time food .
Corporate welfare at its finest.
LAVAoption Is that a lot?
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horrible