I've never heard of a serious investor that takes these numbers without a teaspoon of salt. I think the total addressable market is generally a bigger concern. At this point, it looks like Starlink is likely to own the whole market (of high-ish bandwidth, low-ish latency internet in remote-ish places). No one else is even close for the necessary launch cadence to maintain a very LEO satellite fleet.

Posted to HN using a Starlink connection.