The American giant Boeing will not create its own satellite Internet network. This was announced by the company’s representative.

The US Federal Communications Commission has issued a permit to place 147 spacecraft in low Earth orbit. This happened in 2021. Two years later, the American company decided to revoke the license. Now it will have to pay a fine of $2.2 million.

Boeing wanted to obtain the permit in 2017. Since then, the situation on the satellite Internet market has changed significantly. SpaceX now holds a dominant position, providing satellite Internet services to more than 2 million subscribers. The company has placed about 5,000 satellites in orbit and will increase their number sixfold.

Boeing planned to provide communication in the V-band at a frequency of 40-75 GHz. For this purpose, a test satellite was launched into orbit last year. The company does not rule out a return to the project, but the test spacecraft will be disposed of.