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> I'm amazed at how the other space companies have failed to offer competition to starlink Revenue estimated in the 7-8bn range last year. That's pretty tiny f
by rsynnott 2y ago
> I'm amazed at how the other space companies have failed to offer competition to starlink
Revenue estimated in the 7-8bn range last year. That's pretty tiny for a telecom, especially one with global scope; it's about the size, say, of France's fourth largest telecom. Profitability would be almost impossible to estimate (to what extent should rocket development costs be laid upon it, say?) but realistically you wouldn't expect it to be profitable.
Like, it is not necessarily a business you'd want to be in.
- _Tev 2y agoWell SpaceX does not need outside financing anymore, even while continuing to build out Starlink and developing Starship. Seems like a bold claim to say Starlink is not profitable. But it is still not a business you would want to be in, because it is enabled by super cheap rockets, which no one else has.