4 ms·

I don't trust Elon Musk words, at all. It doesn't mean I think it is wrong, but that it can be right or wrong, and material evidence may point to either directi

by GuB-42 3y ago

I don't trust Elon Musk words, at all. It doesn't mean I think it is wrong, but that it can be right or wrong, and material evidence may point to either direction, but what Elon Musk says is random noise to me. At least when he is talking about his business. He is like a professional poker player, you never know when he is bluffing. In the case of Starlink, on what grounds does it "breakeven"? It is a department of a private company, there is no way to know. In particular, Starlink is entirely dependent on SpaceX launches. How much does Starlink pays SpaceX for its launches? It is a completely arbitrary value. In reality, the money doesn't leave the company. For what I know, it may just be a pumping scheme for a future IPO, with the goal of eventually funneling investor money from a public Starlink to a private SpaceX. Or maybe not, Elon Musk is way smarter than me when it comes to business, that's why he is a billionaire and I am not, I can't predict his moves, but I know enough not to trust him.

mixdup 3y ago
>In the case of Starlink, on what grounds does it "breakeven"? It is a department of a private company, there is no way to know. In particular, Starlink is entirely dependent on SpaceX launches. How much does Starlink pays SpaceX for its launches? It is a completely arbitrary value. In reality, the money doesn't leave the company. Well, this is solved by him using cash flow instead of profitability, although I agree everything that elong says should be served with a massive grain of salt
hbarka 3y ago
Brings to mind Solar City [1] and then Solar Roof Tile [2] [1] https://apnews.com/article/ca-state-wire-technology-lawsuits-delaware-elon-musk-c4b5f0d821f7dff3efeea7d51ac3c09d https://apnews.com/article/ca-state-wire-technology-lawsuits... [2] https://mansionengineer.com/2018/08/10/elon-musk-tesla-and-the-solar-roof-tile-fraud/ https://mansionengineer.com/2018/08/10/elon-musk-tesla-and-t...
deleted 3y ago
[deleted]
twoquestions 3y ago
Hard agreement with all of this. As much as I'd really love Starlink to do well, Musk has negative reliability.
signatoremo 3y ago
Would this give you more information? https://archive.ph/HRuyf https://archive.ph/HRuyf Basically Starlink revenue is projected to exceed launch revenue next year to become SpaceX’s largest revenue source

by GuB-42 3y ago

mixdup 3y ago

>In the case of Starlink, on what grounds does it "breakeven"? It is a department of a private company, there is no way to know. In particular, Starlink is entirely dependent on SpaceX launches. How much does Starlink pays SpaceX for its launches? It is a completely arbitrary value. In reality, the money doesn't leave the company. Well, this is solved by him using cash flow instead of profitability, although I agree everything that elong says should be served with a massive grain of salt

hbarka 3y ago

Brings to mind Solar City [1] and then Solar Roof Tile [2] [1] https://apnews.com/article/ca-state-wire-technology-lawsuits-delaware-elon-musk-c4b5f0d821f7dff3efeea7d51ac3c09d https://apnews.com/article/ca-state-wire-technology-lawsuits... [2] https://mansionengineer.com/2018/08/10/elon-musk-tesla-and-the-solar-roof-tile-fraud/ https://mansionengineer.com/2018/08/10/elon-musk-tesla-and-t...

deleted 3y ago

[deleted]

twoquestions 3y ago

Hard agreement with all of this. As much as I'd really love Starlink to do well, Musk has negative reliability.

signatoremo 3y ago

Would this give you more information? https://archive.ph/HRuyf https://archive.ph/HRuyf Basically Starlink revenue is projected to exceed launch revenue next year to become SpaceX’s largest revenue source