Comment by 0xffff2
17 days ago
The company that just IPOed is already overwhelmingly "X AI" financially, regardless of the fact that it says "Space X" in the marketing. Whether SpaceX also buys Tesla is hardly even going to move the needle.
17 days ago
The company that just IPOed is already overwhelmingly "X AI" financially, regardless of the fact that it says "Space X" in the marketing. Whether SpaceX also buys Tesla is hardly even going to move the needle.
$10 how "space x" will sell for peanuts the starlink portion to musk and keep only the sinking Ai pieces for the bag holders
StarLink is a bad investment too in my opinion. It is fundamentally a US company that must charge US prices but in the US there are relatively few people who need that tech. Only in more rural areas that are sparsely populated do you not have access to fiber or cable which give better speeds and latency.
The majority of their revenue is overseas. But there they can’t reasonably charge $99/month. And there labor and land are cheap such that you can get fiber laid cheaply and quickly.
StarLink is the only thing about SpaceX that makes a profit. But that's only possible because no one else has a network up there hence it can ask for any price it want. Let's not forget that before StarLink there was Iridium and it got ousted because there was a better offer and I wouldn't be surprised if some other company will eventually go up with a better offer.
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Starlink guided drones are tipping the scales for Ukraine right now. That's what enables the range required to successfully hit trains and fuel trucks supplying Crimea through the "land bridge" made from conquered lands in South Ukraine.
That plus satellite comms. Both Russia and Ukraine were very fond of how it improves communication.
Edit: meant to say that in the time of global instability, weapons tech is going to be valuable.
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Yep, it feels like forever a niche market. As soon as you think about it like fundamental infrastructure (which as I understand it is what we’re supposed to think about) it quickly becomes obvious that cables are better suited. Wealthy enclaves, digital nomads etc will pay for it, but that’s not going to get the revenue they’re hoping for.
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> labor and land are cheap such that you can get fiber laid cheaply and quickly.
Which is why all of sub-saharan Africa is crisscrossed in fiber, and every hut in those villages has an ONT zip-tied to the straw walls where they get their symmetrical gigabit service.
What a terrible take.
There is a huge market even just in the US for Starlink. The worldwide market for people who need internet access in remote places is positively gigantic.
Additionally, Starlink could be hugely profitable if they exclusively sold access to ships and aircraft. You'll never be able to run fiber to those.
They can indeed reasonably charge $99/month to many many millions worldwide who don't have any options for low latency, high speed internet access. You vastly underestimate the need for the service.
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