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You're forgetting the "backed by the richest man in the world" benefit that Starlink will enjoy before any significant market correction happens.
by keewee7 5y ago
You're forgetting the "backed by the richest man in the world" benefit that Starlink will enjoy before any significant market correction happens.
- parkingrift 5y agoIf you don’t care for Elon what more could you ask for than he wastes tens of billions on such a fruitless endeavor? Do you think he’ll just keep launching satellites for fun and pleasure?
- falcolas 5y agoWell, he launched a car out of spite, so, why not?
- fooqux 5y agoIt only happened once, which was an obvious marketing stunt that presumably served its purpose. There's not much benefit to doing it over and over again. If he was really doing it "for the lulz" then there would be many more such launches. Cars, a painting of some artist that offended him, etc. We haven't seen that though.
- ben_w 5y agoThe alternative was literally a lump of concrete. That was the Falcon Heavy test launch and he wasn’t able to even give away the flight for free to anyone when he offered.
- bhhaskin 5y agoThey had a rocket they needed to test (Falcon Heavy) and that requires a test payload. Usually test payloads are boring mass analogs. Instead they decided to use something different and get a bunch of marketing out of it. Everything had to be approved by the appropriate government agencies well ahead of time. So where does the "spite" come from?
- falcolas 5y agoI can't find the reference now, so perhaps I hallucinated it. But as I recall, the car was intended to go to another investor, and the early-Tesla investor/CEO shenanigans put it into limbo, and so Musk launched it.
- s1artibartfast 5y agoInteresting story if true. Why would Elons personal roadster have been promised to an investor?
- HWR_14 5y ago> If you don’t care for Elon what more could you ask for than he wastes tens of billions on such a fruitless endeavor? Just because I don't care for Elon (nor think he should have that much money), doesn't mean I don't care what he does with his money. If he buys and shreds the Mona Lisa, I care. If he pollutes LEO because a math error keeps the satellites from deorbiting and causes Kessler Syndrome, I care. If his Boring Company in Vegas has a disaster and a hundred people die in his tunnel, I care. I care about a lot of other things he could do too, but I'm not going to list them. Meanwhile, while I don't care for him, that doesn't mean I want him to become poor. I don't care if he has a megayacht or something.
- AlgorithmicTime 5y agoStarlink is too low to cause Kessler Syndrome. The orbits all decay within a few years naturally.
- HWR_14 5y agoIt could cascade for five years or so. That's a long time.
- ben_w 5y agoQuite a lot of his wealth is predicated on this actually succeeding, and is otherwise paper money.
- mlindner 5y agoHis net worth is in SpaceX and Tesla, namely the companies doing the actual work. It's circular reasoning.