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> Their order book continues to be full. In 2024 66% of their launches were for Starlink. So it’s not quite correct to suggest there’s a vibrant external marke
by afavour 7mo ago
> Their order book continues to be full.
In 2024 66% of their launches were for Starlink. So it’s not quite correct to suggest there’s a vibrant external market for their product, a lot of it is sort of self dealing.
- MPSimmons 7mo ago> it’s not quite correct to suggest there’s a vibrant external market for their product There is a very large demand for launch services. SpaceX balances launching customers and launching Starlink. It's not like they give every launch slot to customers and then launches Starlink whenever there's an opening they couldn't fill.
- nradov 7mo agoThere's a vibrant external market for satellite Internet service.
- BurningFrog 7mo agoStarlink is incredibly profitable though. It's not like they're subsidizing some experimental internal project. Starlink is the majority of their profits and growing fast.
- Rover222 7mo agoThis is missing the point of their valuation. SpaceX will internally use their launch capabilities to build industries that no one else can. Starlink is already their main revenue stream. Starship will open up new realms of possibilities.