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Last Tuesday…
The Federal Communications Commission (FCC) invoked dubious grounds to SCRAP funding for his Starlink satellite service.
It’s the latest federal agency to come after Musk after Joe Biden said he was “worth being looked at.”
Like most of his ventures…
Starlink has been nothing short of an amazing success.
That’s probably why the FCC awarded the company $885 million to provide high-speed internet service to some 640,000 rural homes and businesses in 35 states.
But that’s far from the only remote place Starlink has reached.
For example… take a look at this pic:
That’s travel reporter Zach Griff testing the first air carrier with a Starlink antenna.
And to say that it works is massive understatement.
He tested it with FIVE Apple devices all at once…
… and each one listed download speeds of over 100 Mbps!
But despite the massive success Starlink has been…
The FCC just revoked funding for the company because “it hasn’t met its commitment to connect 640,000 rural Americans two years ahead of schedule.”
Never mind that Starlink filed voluminous documents with the agency in 2021 and 2022 – actually proving that it could reach this benchmark.
But the FCC decided to ignore this because Starlink “isn’t making fast enough progress.”
This bears the question…
Why do Biden regulators target Elon Musk so much?
Even GOP commissioner Brendan Carr wrote a dissenting letter saying:
“The FCC’s decision cannot be explained by any objective application of law, facts, or policy.”
Adding that it follows a disturbing pattern of Biden’s regulators targeting Musk’s businesses.
But no matter how many times federal agencies come after Musk…
He continues to power through with new breakthroughs that change the world.
Take his new breakthrough called the Dojo Initiative, for example.
After failing repeatedly to bring fully self-driving cars to customers…
Elon Musk and the engineers at Tesla have been developing DoJo since 2019.
It’s specifically designed to create a supercomputer that will transform Tesla’s entire business – and make self-driving cars a reality within 90 days.
If you’re skeptical, you have every right to be.
Elon claims every year that “this year” is the year when full-self driving will become a reality… will he be right?
Yours in Wealth,
Ian Wyatt