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https://i-invdn-com.investing.com/trkd-images/LYNXMPEI790V9_L.jpgIn the initial auction results announced in December 2020, LTD Broadband won $1.32 billion and SpaceX won $885.5 million.
“Starlink’s technology has real promise,” said FCC Chairwoman Jessica Rosenworcel in a statement. “But the question before us was whether to publicly subsidize its still developing technology for consumer broadband – which requires that users purchase a $600 dish – with nearly $900 million in universal service funds until 2032.”