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Tesla is valued at 10x comparable car makers. When that ends it will be a bigger loss than burning Twitter to the ground. Without Starship Starlink will never g
by Zigurd 3y ago
Tesla is valued at 10x comparable car makers. When that ends it will be a bigger loss than burning Twitter to the ground. Without Starship Starlink will never grow beyond being a niche player in satellite telecom, and Starlink is the basis for most of Spacex's valuation. These things are not visibly shakier than Twitter, but the whole thing is a house of cards.
- nomel 3y ago> Without Starship Starlink will never grow beyond being a niche player in satellite telecom Niche? SpaceX is the primary mover [1][2]. [1] https://www.statista.com/chart/29410/number-of-worldwide-rocket-launches-by-companies-and-space-agencies/#:~:text=In%202022%2C%20according%20to%20Bryce,agencies%20or%20government%2Drelated%20companies https://www.statista.com/chart/29410/number-of-worldwide-roc.... [2] 2023, 31 launches outside of starlink. https://spaceexplored.com/2023/12/03/spacex-launches-2023/ https://spaceexplored.com/2023/12/03/spacex-launches-2023/
- Zigurd 3y agoElon: “We face genuine risk of bankruptcy if we cannot achieve a Starship flight rate of at least once every two weeks next year,” he said sometime last year, or the year before maybe? Sure this is management through fear, but Falcon 9 is OK for v1 and v1.5 Starlink satellites and a constellation of 4-5000. But Starlink needs 20X the subscribers, and that needs big, complex, high capacity satellites that don't need ground stations in direct view.
- nomel 3y agoSorry, I misread. I thought you meant launches, but you clearly said telecom. You're correct.