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> With more fiber being laid every day, increasing wireless deployments, and technologies like AirGig in the horizon, is Starlink launching into a shrinking mar
by marstomorrow 7y ago
> With more fiber being laid every day, increasing wireless deployments, and technologies like AirGig in the horizon, is Starlink launching into a shrinking market?
What you are describing sounds like a rapidly expanding market, not a shrinking market, though, right?
> Further, as SpaceX is having trouble raising the needed funds, is this launch simply a fundraising exercise?
What do you mean? SpaceX is not having trouble raising their needed funds. Do you have a citation for that? This is the first I'd be hearing of it and would be surprised. Also, needed for what? Are you referring to Mars colonization?
> is this launch simply a fundraising exercise?
This also doesn't make any sense. This launch is a groundbreaking event that begins a 12,000 satellite network deployment. This is a very cost-intensive thing and not exactly a 'fund raising exercise'; it's intended to provide early service to internet customers.
- ancientworldnow 7y agoSpaceX's last few raises did not perform well with the last two raising $43 million out of $400 million offered (2019) and $250 million out of $750 million offered (2018).
- marstomorrow 7y agoI searched for this for the last 5 minutes but couldn't find any info about it online. Do you have any links or citations? I think it is false info. Edit: Based on the info I was able to find, it looks like this is indeed false information and not true at all. I can find no evidence that SpaceX is having trouble raising money or that their recent raises have gone poorly. No evidence. But I can find a lot of people explaining why these numbers are incorrect and why it is false to say that SpaceX is having trouble raising money. A lot. Here are a few. https://www.reddit.com/r/spacex/comments/bem0lr/spacex_only_received_44m_in_investment_of_the/ https://www.reddit.com/r/spacex/comments/bem0lr/spacex_only_...
- SECProto 7y agoNot OP but: This is the 2019 raise they were referring to [1]. I don't know much about SEC regulations - they're required to file info about who has invested in the first 15 days - and rumours used that to say they couldn't sell all they offered. Other rumours said that they don't have to file to say they sold it all. Would appreciate clarity from someone who knows SEC regulations. [1] http://www.parabolicarc.com/2019/04/17/spacex-embarks-funding-raise-400-million/ http://www.parabolicarc.com/2019/04/17/spacex-embarks-fundin... Edit: you've found the discussion I read a bit ago. Good.