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SpaceX approved for broadband internet service via satellite

SpaceX
Photo: RB/Bauer-Griffin/GC Images

The FCC has approved SpaceX's application to use satellites to provide broadband internet in the U.S. and around the world.

Why this matters: The Wall Street Journal reported last year that, according to internal company documents, the broadband business would "eventually dwarf the rocket division and help finance its goal of manned missions to Mars."

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