It's Official: SpaceX Can Bid on $20 Billion FCC Rural Broadband Contract

Americans want fast broadband internet service -- and SpaceX says it can provide it.

In fact, since at least March of this year, SpaceX has been petitioning the Federal Communications Commission (FCC) for permission to compete for money from the Rural Digital Opportunity Fund (RDOF) worth $16 billion initially, and eventually up to $20.4 billion. The FCC plans to choose one or more telecommunications providers to expand rural customer's access to gigabit-speed internet service. Those providers who offer the most attractive prices for the most reliable -- and fastest -- service can expect to win a lot of taxpayer money from the government.

Satellite internet broadband could soon be coming to a farm near you. Image source: Getty Images.

Continue reading

Source Fool.com