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Maybe I have to wait for Part 2, but I don't see how this is related to Bankruptcy, of course, to the exclusion that Elon says that would happen. The conclusio
by pedalpete 4y ago
Maybe I have to wait for Part 2, but I don't see how this is related to Bankruptcy, of course, to the exclusion that Elon says that would happen.
The conclusion seems to be that after raising $10B, SpaceX can't justify it's $127B Private Market Valuation.
The chart shows Starlink projected revenue to be $15B in '22 and over $20B in '23 and operating income of over $5B in '22 and $10B in '23.
If these numbers are anywhere close to correct, is bankruptcy really a possibility?
Even if they were 2 years behind schedule and only had operating income of $4B and growing at 80%+ per year, couldn't they raise another $5B if they needed?
- bombcar 4y agoI suspect that Musk could round up $4b from his couch even after being forced to buy Twitter.
- sebastialonso 4y agoI hope you're correct. There's no actual decent alternatives to Starlink for rural settings where I live.