Another day, another move from the Trump administration that will benefit Elon Musk — shocking. The US Department of Commerce has announced an overhaul of 2021’s Broadband Equity, Access, and Deployment (BEAD) program and its $42.5 billion that will funnel work to Musk’s Starlink.
The BEAD program was originally designed to give states funding for fiber-optic cable installation, increase Wi-Fi networks and free broadband internet access for some individuals. Fiber-optic broadband provides the fastest internet speeds, but the new mandate will get rid of BEAD’s preference for it.
Source: Musk’s Starlink stands to benefit from changes to a broadband equity program