I generally agree with your points, and reading back realised I misread you; you said 3-7% of the rate for an entire launch, and I read that as 3-7% of that lau

I generally agree with your points, and reading back realised I misread you; you said 3-7% of the rate for an entire launch, and I read that as 3-7% of that launch. On the broader point, I agree that SpaceX is sinking a lot into the Starlink, but even if it fails I doubt bankrupts the company. Part of that is just how cheap launch is for them, but it’s also because I can’t see a catastrophic fail mode for them. The satellites are clearly already working, worst case they have to sell the constellation to someone else. Probably a failure of imagination on my part though.