Comment by runako
3 hours ago
The numbers overall are worse than I expected. I can't believe Serious People are talking about putting this in the market at a trilly.
> Starlink seems to be a real cash machine
It has been said more than once that Starlink financials cannot be analyzed apart from SpaceX financials. Very easy to move the launch costs from one entity to the other depending on whether it is more beneficial to show more revenue for SpaceX or more profit for Starlink.
I can't believe that my index funds are going to be looted to pay for this turd.
We can thank Nasdaq for lowering the standards to fast track SpaceX into an index with only having 5% float. Soon after it lists on the major indexes, we are gonna have some turbulence.
As if any of the marketcaps actualy reflect a company's true value. It's never just about financials.