Trump’s Policies Diverted Rural Broadband Funds to Musk, Enriching Billionaire
Commentators voiced concerns about retail investors and retirement savers during SpaceX’s IPO, but the article highlights a more concrete harm: rural Americans have suffered due to the Trump administration’s redirection of federal broadband funds towards Elon Musk’s Starlink. This intervention, influenced by Musk and implemented by Commerce Secretary Howard Lutnick, shifted billions away from higher-quality fiber optic competitors, effectively sabotaging the Biden administration’s BEAD program. As a result, rural communities are being saddled with slower, less reliable, and potentially costlier internet, while Musk’s Starlink benefits from guaranteed revenue streams, bolstering SpaceX’s valuation and its owner’s trillion-dollar fortune.
John Q. Hosedrinker