The S-1 will be interesting; I wonder if they'll try going with a bulllshit metric like WeWork did ("Community Adjusted EBITDA", which was, seemingly, pretty much "profit, if you exclude basically all costs").
So there’s nothing contradictory about it.
In the second paragraph:
> SpaceX’s annual revenue last year was less than $20 billion, and it lost nearly $5 billion, according to a new report from The Information, mostly because of xAI’s huge capital costs.
It's edge computing. Obsoletes the round trip for ground based AI crunch and power draw, cooling.
There are orbits with 24/7 or near-24/7 sunlight - but those are very undesirable if you want a low-latency data link back to Earth. Just like you can get 24/7 sunlight on the North / South Pole - but they are still pretty bad locations for a data center.
LEO orbits like those used by Starlink have far better connectivity, but about the same sunlight exposure as the surface as the planet will be between you and the sun about half the time.
Also, power is the easy part. Cooling is far harder.
* https://archive.md/w1p99
Seems like a weird article though, with some inaccuracy in key data:
> The company is in fact relatively small and losing money.
Whereas it's widely reported to be profitable:
https://www.reuters.com/business/finance/spacex-generated-ab...
(many reports of that same info around)
The article also contradicts itself later on:
> SpaceX’s rocket-launch and satellite-internet businesses are enormously profitable near-monopolies.
Was this article just AI generated spam? :(