There are a bunch of reasons to believe this is wrong, in addition to the things other people have pointed out: - Starship will further reduce SpaceX's already

There are a bunch of reasons to believe this is wrong, in addition to the things other people have pointed out: - Starship will further reduce SpaceX's already low launch costs. - Economies of scale by producing 10,000+ satellite. - Industries willing to pay a lot for truly global coverage (maritime, aviation, oil, military) - With the laser network, high frequency traders willing to pay a massive premium for the lowest latency connections between financial hubs. - A "fully and rapidly reusable" Starship, if achieved, will change the economics even more. Not only will it further reduce the initial launch cost, but you could imagine potentially servicing/refueling or recovering aging Starlink satellites. - Starlink (plus increasing work-from-home opportunities) has the potential to (slightly) redistribute where humans are willing to live to more sparsely populated areas.