SpaceX Seeks $16 Billion in Government Subsidies for Satellite Internet Project

SpaceX wants to sell you satellite broadband internet -- and have the U.S. government pay for it. At least ... pay for a part of it -- the start-up part. According to Elon Musk, it's going to cost in the neighborhood of $10 billion to build a planned satellite constellation of 12,000 "Starlink" broadband internet satellites. Once built, those will be able to provide fast internet service to every location on the globe. Of course, a subset of "everywhere" includes rural areas of the United States, and "the FCC has earmarked $16 billion to improve internet service in rural areas over the next 10 years," reports The Wall Street Journal.

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