Federal Grant Program Opens Door to Elon Musk’s Starlink
Published On Mar 5, 2025, 7:23 PM
The Trump administration is changing federal rules on broadband funding, which could allow Elon Musk's Starlink satellite internet service to receive federal grants previously reserved for fiber-optic providers. The $42 billion Broadband Equity, Access and Deployment Program will now use a tech-neutral approach to support various broadband technologies including satellite service. This shift is seen as a potential benefit for Starlink, which could serve remote areas effectively, countering accusations that the previous administration's rules favored fiber-optic technology.
Stock Forecasts
TSLA
Positive
The change in broadband funding rules is likely to enhance Starlink's market position, making it a strong competitor in remote internet service delivery. Increased financial support could accelerate its growth and subscriber base, influencing potential positive investor sentiment.
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