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$30B seems steep TBH. Consider that launch revenue last year was only $3B worldwide, and that's revenue, not profit. Granted SpaceX owns a good chunk of that, a
by m0zg 8y ago
$30B seems steep TBH. Consider that launch revenue last year was only $3B worldwide, and that's revenue, not profit. Granted SpaceX owns a good chunk of that, and their margins are the best in the industry, but with another player arriving at the scene soon their dominance could be short lived.
OTOH, if their Starlink effort succeeds (a big "if"), and they capture a fraction of the global $1T internet access market, this $30B could be totally peanuts. But that requires some serious faith on the part of the investor.
Still, though, if I could invest, I would. This is as close to "going to the moon" effort as it gets these days, I'd rather bypass the government money black hole and fund it directly.
Elon, maybe run an ICO for this?