Re:SpaceX raises $1.16B in equity financing
by Tuna-Fish on Thursday April 15, 2021 @08:47AM
(#26819775)
> To me, Starlink is for SpaceX what self-driving taxis are for Tesla.
The difference is that self-driving taxis is very clearly in the far future, with major technical and regulatory hurdles, whereas Starlink, while still in the beta, now has tens of thousands of paying customers in a dozen countries, and more are added constantly. Given that the user terminals work, the satellites work, and they seem to be executing well in scaling the system, it's very hard to see a future where it won't be wildly profitable.
The difference is that self-driving taxis is very clearly in the far future, with major technical and regulatory hurdles, whereas Starlink, while still in the beta, now has tens of thousands of paying customers in a dozen countries, and more are added constantly. Given that the user terminals work, the satellites work, and they seem to be executing well in scaling the system, it's very hard to see a future where it won't be wildly profitable.