By cryptoadmin 
One other day, one other transfer from the Trump administration that can profit Elon Musk — stunning. The US Division of Commerce has introduced an overhaul of 2021's Broadband Fairness, Entry, and Deployment (BEAD) program and its $42.5 billion that can funnel work to Musk's Starlink.
The BEAD program was initially designed to present states funding for fiber-optic cable set up, improve Wi-Fi networks and free broadband web entry for some people. Fiber-optic broadband supplies the quickest web speeds, however the brand new mandate will do away with BEAD's choice for it.
"The Division is ripping out the Biden Administration’s pointless necessities," mentioned US Secretary of Commerce Howard Lutnick in a press release. "It’s revamping the BEAD program to take a tech-neutral strategy that’s rigorously pushed by outcomes, so states can present web entry for the bottom value."
The writing on the wall is evident: Musk, the richest particular person on this planet, chief of a division to scale back authorities waste (learn: reduce many vital jobs and packages) and an unelected proper hand to what can finest be described as an authoritarian authorities, is about to make much more cash.
Beneath the Biden administration in 2023, Starlink obtained a rejection from the Federal Communications Fee for practically $900 million in subsidies. The FCC acknowledged that Starlink's utility, which was a part of the Rural Digital Alternative Fund program, failed to fulfill this system's necessities.
This text initially appeared on Engadget at https://www.engadget.com/big-tech/musks-starlink-stands-to-benefit-from-changes-to-a-broadband-equity-program-132521582.html?src=rss