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Why Elon Musk’s Starlink lost $86 million: All the details

Elon Musk’s Starlink satellite internet project loses $85.5 million subsidy from FCC. The funding, part of FCC’s Rural Digital Opportunity Fund (RDOF), aimed to bring broadband internet to underserved rural areas. FCC denies subsidy to Starlink, stating it didn’t meet necessary criteria and failed basic program requirements. FCC Chairwoman Jessica Rosenworcel emphasizes responsibility to expand access to rural broadband and not fund applicants that fall short. SpaceX expresses disappointment and perplexity, arguing that Starlink is the only viable option for connecting rural and remote areas lacking reliable and affordable internet.

by INC42

SUMMARY Retail individual investors’ segment saw the highest interest with 22% subscription, getting bids for 75.44 Lakh shares against 3.37 Cr shares on offer PhysicsWallah has set a price band of INR 103 to INR 109 per share for the IPO, which will close on November 13 The edtech unicorn raised INR 1,562.8 Cr from anchor investors yesterday by issuing 14.33 Cr shares at INR 109 apiece Edtech unicorn PhysicsWallah’s IPO saw a muted start on Day 1, with the issue subscribed… Source link

by PNN

Jaipur (Rajasthan) [India], November 10: Lehar Footwears Limited (‘Lehar’) announced its results for the quarter ended 30th September, 2025. Financial Highlights: H1FY26 vs H1FY25 Comparison Delivered a strong performance in H1FY26, with sales rising to ₹282.7 crore from ₹100.8 crore in H1FY25 and ₹277.2 crore in FY25. PAT surged to ₹14.6 crore against ₹3.6 crore in H1FY25 and Rs 10.9 crore in FY25. PAT margin improved to 5.2% from 3.6%, driven by higher operating… Source link

by Startup Story Media

EV News Funding Alert ByStartupStory     |    November 11, 2025 Grab Holdings Limited has signed a definitive agreement to invest $60 million in Vay Technology GmbH, a Berlin-based startup specializing in remote driving technology for electric vehicles (EVs). The investment, subject… Source link