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Elon Musk and the plot to hijack America’s broadband

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June 23, 2026 · 1:01 PM

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Elon Musk and the plot to hijack America’s broadband

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Elon Musk and the plot to hijack America’s broadband

BEAD was a once-in-a-generation chance to fix the digital divide — then turned into a gift for tech moguls.

by Karl Bode

Karl Bode

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and Sean Gonsalves

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Jun 23, 2026, 11:00 AM UTC

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At 9PM ET on the night of May 28th, a Blue Origin New Glenn rocket sat on the launchpad at the Cape Canaveral Space Force Station. The craft was in the middle of a hot-fire test awaiting the arrival of Amazon Leo satellites, the first of 24 batches to be shuttled into low Earth orbit for an ambitious satellite internet venture. The effort was backed by hundreds of millions of taxpayer dollars, leveraging a Biden-era law meant to address America’s digital divide.

But before the satellites even reached the launch site, Jeff Bezos’ rocket exploded into a massive fireball, its wreckage left smoldering on the ground. It was an unintentionally perfect metaphor for a once-in-a-generation attempt to fix the creaky US broadband system, now a flaming mess melting into a slush fund for billionaires.

Bezos — along with newly minted trillionaire Elon Musk — has become one of the biggest beneficiaries of Broadband Equity, Access, and Deployment (BEAD), a $42.45 billion broadband expansion program passed as part of President Joe Biden’s 2021 “Build Back Better” initiative. BEAD was intended to give long-underserved communities billions of dollars for high-quality, future-proof fiber networks.

But under President Donald Trump and a coalition of MAGA-allied tech moguls, Build Back Better has been transformed into “tear down quickly,” leaving states mired in bureaucracy and delays. Five years later, only a handful of the millions of Americans slated for an internet access upgrade actually got one, and there’s little accountability in sight.

Under Biden, BEAD was meant to prioritize deploying fiber across the US.

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