From Mirror staff reports
HARRISBURG The Pennsylvania Public Utility Commission has recognized Pennsylvania’s recent success in the Federal Communications Commission auction for the Rural Digital Opportunity Fund.
A total of 13 bidders in Pennsylvania will receive $368.7 million over the next 10 years to bring high speed internet service to homes and businesses at 184,505 locations that are underserved, or do not have access to broadband that meets current federal standards.
The FCC indicates that over 99% of the successful bids are for 100 Megabit-per-second download speeds four times faster than the “Netflix speed” benchmark of 25 Megabits-per-second currently used by the FCC to define access to broadband service.
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SpaceX is talking to investors to raise another round of funding, even though it recently raised a $1.9 billion round in August, according to two people with knowledge of the deal.
SpaceX is looking to double its $46 billion valuation from that August round, which would bring it $92 billion. It is expected to close this round of funding in mid-to-late January, they said.
One person said the raise shocked them, adding: What company jumps to double its valuation in six months?
This year, equity analysts at Morgan Stanley Research said SpaceX could become a $200 billion company if its Starlink satellite-internet service and reusable Starship rocket system took off as businesses.
The change is related to the Federal Communications Commissionâs auction for the Rural Digital Opportunity Fund.
Successful bidders in Pennsylvania will receive $368.7 million over the next 10 years to bring high-speed internet service to homes and businesses that are underserved or do not have access to broadband that meets current federal standards.
The FCC indicates more than 99% of the successful bids are for 100 Megabit-per-second download speeds, four times faster than the âNetflix speedâ benchmark of 25 Megabits per second currently used by the FCC to define access to broadband service
The state Public Utility Commission noted successful funding for these projects is the result of work by many stakeholders who supported it, including the office of Gov. Tom Wolf, legislators and Penn State Universityâs Rural Extension Program, who developed a detailed and publicly available map that showed all the eligible areas and the support that could be provided to i
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