A satellite company owned by Elon Musk has the inside track to potentially take over a large federal contract to modernize ...

The billionaire responded to press reports that the FAA may cancel a contract with Verizon and award it to Starlink.

Starlink, a satellite company Musk owns, could assume a contract held by communications giant Verizon. The technology is being tested outside of Atlantic City.

The FAA could hand the contract to overhaul an integral U.S. air traffic control communications system to the mogul’s ...