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For all we know, SpaceX could be taking a page of out Amazon's book and undercutting competitors while losing money and sustaining it long enough to monopolize
by cratermoon 3y ago
For all we know, SpaceX could be taking a page of out Amazon's book and undercutting competitors while losing money and sustaining it long enough to monopolize the market. Then they raise prices.
- pixl97 3y agoAlmost all of spaceXs launches are to launch their own sats. Simply put if their costs were as high as other providers they couldn't afford to do it. Other providers costs are out of control.
- BurningFrog 3y agoThat story had been told forever. First time over heard it about Amazon.
- cratermoon 3y agoAmazon lost money for nine years after its founding. <https://www.computerworld.com/article/2575106/amazon-records-first-profitable-year-in-its-history.html https://www.computerworld.com/article/2575106/amazon-records...> And it undercut its sellers <https://www.npr.org/2023/10/11/1204264632/amazon-sellers-prices-monopoly-lawsuit https://www.npr.org/2023/10/11/1204264632/amazon-sellers-pri...>
- inemesitaffia 3y agoThe money has to come from somewhere. Where's this place?
- cratermoon 3y agoIntesa Sanpaolo banking and Saudi Arabia, among others. $9.8B in funding over 31 rounds, and 84 different investors.
- inemesitaffia 3y agoThey didn't invest until recently and 9.8 billion isn't enough to cover what SpaceX has done and still cover selling launches at a loss