SpaceX denied nearly $900 million in broadband subsidies

In a high-stakes decision, federal regulators announced Wednesday that SpaceX will not receive nearly $900 million in subsidies that the company was awarded in December, citing the fact that its satellite-based service is "still developing technology" and the company "failed to demonstrate that [it] could deliver the promised service."

from CNN.com - RSS Channel - US https://ift.tt/y8S7WFb
via IFTTT