Well, no shit. First grants went out in 2024, right in time for the administration to change; Lutnick put it on hold almost immediately. It also hasn't cost $42B; "By 2026, about half of the $42.45 billion allocated by Congress during the passage of the IIJA remained unused".

https://en.wikipedia.org/wiki/Broadband_Equity,_Access,_and_...

Incidentally, BEAD includes LEO satellites as part of it. SpaceX got grants from it. (https://texasstandard.org/stories/spacex-demands-changes-fed...)