He’s said $42.45bn spent by the US for rural internet isn’t efficient. His Starlink company stands to benefit if he reduces that investment
Summary
Elon Musk, co-leading Trump’s “Department of Government Efficiency,” could influence U.S. broadband funding to benefit Starlink, his satellite internet company.
The Biden administration’s $42.45 billion BEAD program prioritizes fiber optics for rural broadband, but Starlink has been excluded for failing to meet performance standards.
Musk has criticized the program as wasteful and could push for funding delays or reallocation, benefiting Starlink as the only option in underserved areas.
Critics warn this shift favors Musk’s financial interests over reliable fiber infrastructure, raising conflict-of-interest concerns.
You could even go as far as changing the "will" to "is", looking at how much Tesla's stock recently gained due to the forward looking nature of the market.
This just in, politicians can use their power for self-enrichment.
The people who this might be news to are already so disillusioned.
As an aside, I don't think the new department will actually do anything, it'll just find projects with weird goals and claim they can save us all $100 million. Wow, big money. The Pentagon has failed literally every audit with billions unaccounted for with no repercussions, every single year since we even started checking in 2017. This is not "well it's classified so they can't tell us", this is the Pentagon acknowledging they have ~$4 TRILLION in physical assets and about half are unaccounted for.
Even a broken clock is right twice a day. As much as I hate the idea of Musk cutting infrastructure spending for broadband, I think it wouldn't hurt to cut this part. We've had multiple occasions where telecom companies take the money and run while not being held accountable by the government. Does that make him the right person for the job? Absolutely fucking not.
The Biden administration’s $42.45 billion BEAD program prioritizes fiber optics for rural broadband, but Starlink has been excluded for failing to meet performance standards.
This is a wild misrepresentation of what happened with starlknk and the broadband funding.
SpaceX won the deal where the metrics were ABC by year 2025 ( I think 2025 but maybe later)
In year 2022 or something like that, they did some tests, it wasn't at 2025 goals, and were like nah, you aren't gonna make it and revoked it.
No one else had that done to them. It's not like the fiber companies had laid their fiber yet to all the areas and they said oh you haven't done it all yet? Finding pulled!
I don't even know if a single house had been connected to fiber yet from that funding, while starlink had connected many thousands and was improving.