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This is huge. Space-based individual consumer services being profitable was a pipe dream a decade ago.
by rpmisms 3y ago
This is huge. Space-based individual consumer services being profitable was a pipe dream a decade ago.
- somethingwitty1 3y agoYou mean like the numerous space-based services that have been making money over the past ~30 years?
- anthonyskipper 3y agoI mostly remember them going out of business like Iridium did in 1999. Clearly the market wasn't there as no one I knew used satellite services for anything other than TV, and that model failed against broadband. Starlink is first time regular consumers like my family members actually paid for a satellite service.
- Maxion 3y agoUhm, no? Do you think all communications satellites operate at a loss?
- foobiekr 3y agoFor literally decades. Exactly this. Someday I would like to understand how we got here as a society.
- sidibe 3y agoDo you think these faceless comms companies could have achieved what a superhero's company only just now achieved?
- rpmisms 3y agoEdited for clarity. Something like starlink existing and being profitable was a pipe dream a decade ago.
- cma 3y agoIs cashflow break even in the middle of a 5 year lifespan profitable? It includes the ongoing depreciation of that limited lifespan I guess?
- bryanlarsen 3y agoAll current communications satellite constellations are operating profitably now, but they all went through bankruptcy proceedings before becoming profitable.