Fierce

SpaceX’s Starlink satellite broadband offering touts an edge in service reliability over its cable counterparts, despite most of its customers residing in rural areas. Recon Analytics found Starlink customers experience fewer service outages than cable customers, though they still face more outages than consumers on a fiber broadband connection. Unsurprisingly, the majority of Starlink customers (85%) reside in rural areas.

Brightspeed, the company that bought Lumen Technologies’ copper assets in 20 markets, has won $3.7 billion in new financing to spend toward its fiber buildouts. The financing comes from a syndicate of bankers and other investors led by Brightspeed’s parent company Apollo Global Management. Apollo paid $7.5 billion for Brightspeed in 2022. Brightspeed CEO Tom Maguire said, “The same people who funded the original go-around are back again. I take that as a good sign.

In a recent panel, Gary Bolton, CEO of the Fiber Broadband Association (FBA), spoke candidly about the idea of SpaceX getting Broadband Equity, Access and Deployment (BEAD) funds. Bolton said he thought using federal funding for low-earth-orbit (LEO) satellite broadband coverage was “absurd.” He said SpaceX’s top boss Elon Musk already has his roadmap set for deploying Starlink satellites. He added that it would be a big “cop out” if the BEAD program left the most difficult-to-reach locations to satellite broadband. The U.S.