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Its main business is connectivity. Starlink generated over 10B last year. Becoming a broader infrastructure company with xAI.
by hirako2000 4mo ago
Its main business is connectivity. Starlink generated over 10B last year.
Becoming a broader infrastructure company with xAI.
- ninkendo 4mo ago> Starlink generated over 10B last year An entire one-hundredth of their proposed valuation!
- diordiderot 4mo agoYeah, crazy for a company with nothing but the largest civilian satellite network and what amounts to a monopoly on space flight.
- ninkendo 4mo agoProfitability of space flight has a hard maximum. It’s not anywhere close to what their valuation would suggest. There’s a reason Elon keeps trying to get investors to believe his “data centers in space” lunacy, because you need that sort of magic pixie dust to justify why any of this valuation makes sense, let alone have anywhere to go but down.
- sublimefire 4mo agoStarlink terminals are popular, they put them on drones to avoid jamming (Starling jamming exists but not that easy for now). It might be their sales are inflated due to its use at war.
- raphaelj 4mo agoThat's only about 35% more than the main telecom operator here in Belgium (Proximus: $7.2B revenue in 2025, $2.5B market cap, positive earnings for 15+ years). Obviously Starlink can and will growth. I'm just pointing out how insane the market cap is, when compared to similar scale "connectivity" businesses.
- hirako2000 4mo agoI'm with you the 5B loss for 18B overall revenue shouldn't grant a valuation anywhere near 1.7 trillion. was just answering the question.