President-elect Donald Trump has nominated Brendan Carr to lead the Federal Communications Commission in his second administration, elevating the Republican official who has been outspoken about his support for Elon Musk’s businesses, suggesting a potential financial benefit for Musk if he is confirmed.
Read the full story on Forbes: https://www.forbes.com/sites/alisondurkee/2024/11/18/how-elon-musk-could-benefit-from-trumps-fcc-nominee-brendan-carr/
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Read the full story on Forbes: https://www.forbes.com/sites/alisondurkee/2024/11/18/how-elon-musk-could-benefit-from-trumps-fcc-nominee-brendan-carr/
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00:00President-elect Donald Trump has nominated Brendan Carr to lead the Federal Communications Commission in his second administration,
00:07elevating the Republican official who has been outspoken about his support for Elon Musk's businesses,
00:12suggesting a potential financial benefit for Musk if he is confirmed.
00:16Carr, who already serves as one of five FCC commissioners, has been named to become the chair of the commission,
00:22which manages telecommunications like radio, television, and the internet.
00:27He has regularly spoken out in favor of Musk and his companies, particularly Starlink,
00:32a subsidiary of SpaceX that provides satellite internet services,
00:36accusing the Biden administration of regulatory harassment against Musk's companies in 2023.
00:42Carr has suggested he would take a more positive stance towards Starlink as FCC chair,
00:47telling Politico in October he thinks it would be fair to get Starlink back into the agency's broadband program.
00:53Musk's companies do extensive business with the federal government,
00:56and Starlink stands to financially benefit from a friendly FCC leader,
01:00after the company previously lost out on $885 million in rural broadband subsidies under the agency's current Democrat-controlled board.
01:09Carr downplayed his alliance with Musk to Politico,
01:12saying his social media posts praising the billionaire are, quote,
01:15"...pretty consistent with what I've done for the last four years."
01:18The commissioner also claimed he's more interested in boosting satellite broadband more broadly
01:23than wanting to benefit Starlink specifically.
01:26Carr is a Republican who has long pushed a more conservative vision for the FCC,
01:30claiming in recent days he wants to dismantle a censorship cartel biased against Trump.
01:35He also said he wants to rein in the administrative state,
01:38referring to regulatory agencies and decisions that Republicans believe are too far-reaching,
01:43and abolish diversity initiatives, among other proposals.
01:46For more on this story, read Alison Durkee's story in the link in the description.