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HughesNet only has a billion in revenue though. With a $30 billion + investment in the network, Starlink needs to have far far more subscribes than that to be a
by xkjkls 5y ago
HughesNet only has a billion in revenue though. With a $30 billion + investment in the network, Starlink needs to have far far more subscribes than that to be able to recoup the costs.
- wmf 5y agoFortunately Starlink is global so the addressable market is more like 100M customers.
- xkjkls 5y ago100 million customers with money? Once you start saying that the customer base is rural Africa or something like that, you need to massively lower your ASP expectations.
- wmf 5y agoThe global middle class is over 1B people; if 10% of them are rural that's over 100M.
- xkjkls 5y agoThat group is defined as people who make $10-20 a day. Starlink isn't selling at $100 to people who only make $4,000 a year
- hackeraccount 5y agoArguably both the amount they make and the number of people is increasing. Plus Internet access may be a push for people to stay or move to a more rural location.