Federal Communications Commission denies nearly $1,000,000,000 in funding to SpaceX

American aerospace company SpaceX will not receive public funding for the development of the satellite constellation Starlink.

Here's What We Know

Elon Musk's company made a request for $900 million in government funding at . However, it was rejected by the Office of Competition on Wireline Networks of the Federal Communications Commission of the United States. SpaceX called the decision "grossly unfair" and has already filed an appeal.

What is interesting, a week and a half ago, on September 16, the regulator allowed Lynk to create a satellite network with the spacecraft as a base stations to provide Internet access to smartphone owners. SpaceX is also aimed at this segment and is a competitor of Lynk.

Moreover, the company of Ilon Musk has already agreed with T-Mobile to launch the project Coverage Above & Beyond. Although the deal has yet to be approved by the Federal Communications Commission. Meanwhile, SpaceX has nearly 3,400 first-generation Starlink satellites in space, with the possibility of launching 12,000 more spacecraft. In addition, an application is pending to increase the number of satellites by 30,000 units.

Source: space

Image: space