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SpaceX CEO and White House advisor Elon Musk could cash in as the Commerce Department plans to expand Starlink’s access to federal funding for rural broadband.
What Happened: Secretary Howard Lutnick told staffers that the department could change the rules governing the Biden Administration‘s $42.5 billion program to expand rural broadband service to allow Starlink to receive more funding, the Wall Street Journal reported, citing people familiar with the plans.
Lutnick reportedly said new rules would make funding dispersal “technology-neutral,” allowing states to award more grant money to Starlink. …
