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The U.S. House committee is currently investigating the Federal Communications Commission’s decision to deny SpaceX’s Starlink $885.5 million in rural broadband subsidies. The FCC reaffirmed its stance in December, citing Starlink’s failure to meet program requirements and deliver promised service. House Oversight Committee Chair James Comer is seeking documents from the FCC to ensure proper regulatory processes were followed. SpaceX’s Elon Musk has criticized the decision, calling it “illegal” and claiming it could have saved lives during a hurricane in North Carolina. FCC Chair Jessica Rosenworcel has stated that Starlink had difficulty meeting speed standards and required subscribers to purchase a $600 dish to start service. Rosenworcel also expressed the need for more competition in the satellite internet market dominated by Starlink.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
