EchoStar’s Hughesnet falls victim to Starlink.

Source Summary

The original satellite internet company “for rural America” has filed for bankruptcy after running out of cash and hemorrhaging subscribers to SpaceX. The service will continue to operate during proceedings, but will pivot away from consumers to focus on businesses and governments. It follows EchoStar’s Dish filing for chapter 11 protection in June. [Link: With Subscriber Counts Decimated by Starlink, Hughesnet Files for Bankruptcy | https://www.pcmag.com/news/with-subscriber-counts-decimated-by-starlink-hughesnet-files-for-bankruptcy | PCMAG]