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Benzinga
Benzinga
Business
Shomik Sen Bhattacharjee

Texas Freezes Billions in Broadband Grants as Lawmakers Probe Alleged Starlink Favoritism

Starlink Texas Nasdaq SpaceX SPCX BEAD
Starlink is a satellite internet constellation, owned by SpaceX

Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) Starlink has become a flashpoint in Texas’ broadband funding fight after the state temporarily froze BEAD grant disbursements amid a legislative review of allegations that changes to the award process favored low-Earth-orbit providers such as Starlink.

Texas Freezes Funds As Scrutiny Deepens

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