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Pentagon's commercial satellite internet services program soars to $13B
- mensetmanusman 2y agoI wonder if spacex will always be private. Amazing that such a company didn’t need public financing. What’s the purpose of an IPO these days?
- defrost 2y agoSpaceX alone got a whopping $2.8 billion in government contracts last year, and has gotten a total of $15.3 billion from the government since 2003. Along with the money SpaceX has been awarded by the US government, the company requested an $885 million subsidy for its Starlink satellite broadband service to serve rural communities, but was denied by the Federal Communications Commission. The company has since appealed that decision. ~ https://www.theinformation.com/articles/inside-spacexs-lucrative-new-government-satellite-program https://www.theinformation.com/articles/inside-spacexs-lucra...
- wmf 2y ago~$12B in investment plus ~$30B in lifetime revenue of which $15B is from the US government. Mars is not cheap.
- mensetmanusman 2y agoThose numbers are smaller than what public companies are typically getting in this industry though over the years.
- wmf 2y agoIt seems like the purpose of an IPO is now to dump on retail after the company has peaked. Or maybe that's just SPACs.
- metalman 2y agospace x is made starship launching starshield is now something that can be fully deployed in months,not decades and since its a private company working with the military,the comand structure can be very small and secure,just the way the military wants it so not the kind of thing that will get contracted out to just anybody,new