> I don't think anyone attempting to reach a broad consumer market has ever made big money, or even survived long term Don't follow this market closely but sir

> I don't think anyone attempting to reach a broad consumer market has ever made big money, or even survived long term Don't follow this market closely but sirius/xm might be one exception - not sure of their leverage position, but even if healthy one could argue to your point they don't reach consumers directly, but rather via intermediaries such as car and a/v equipment manufacturers. My take on satellite is basically it's good for important but secondary network usage - anything that needs this should be fairly stable & constant beta provided good financials but looking for 'unicorn' style growth is probably mistaken as you mention.