Billionaire entrepreneur andSpaceXCEOElon Muskon Wednesday slammed the Biden administration's $42.5 billion rural high-speed internet plan as an "outrageous waste of taxpayer money" on the heels of media reports that the plan, despite its big budget, failed to provide connectivity to the people.

What Happened:"This government program is an outrageous waste of taxpayer money and is utterly failing to serve people in need," Musk said. The CEO was responding to a media report fromThe Washington Timesthat said that not a single home or business has been connected to new broadband networks nearly three...