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this post was submitted on 14 May 2025
730 points (100.0% liked)
Enough Musk Spam
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I thought starlink was just an alibi company to buy rocket launches from SpaceX, and make SpaceX appear profitable on paper?
Starlink is owned by spaceX so they've never purchased a rocket, they just launch
And because of starlink SpaceX will be an insanely profitable company. Starlink is already bankrolling the very expensive starship development.
Who's bankrolling starlink?
With xAI buying twitter and Tesla buying solarcity, Musk seems like he's playing the walnut/pea game.
The original goal was that Starlink would be SpaceX's cash cow. The demand for rocket launches is growing, but it can only grow so fast. If you've built the capability to launch so many satellites that you can't find enough customers for all your launches, one option is to simply find ways to launch your own revenue-generating payloads into orbit. That was the original goal of Starlink, though it seems to be failing at that goal.
You are 100% correct except for
Starlink is expected to bring in 2 billion In profit this year, it is successful https://arstechnica.com/space/2025/02/starlink-profit-growing-rapidly-as-it-faces-a-moment-of-promise-and-peril/
And they basically destroyed the business model of all other spacecraft manufacturers, which relied heavily on the geostationary telecom market.
Starlink is bankrolling starlink, it's expected to generate 12 billion In revenue this year with 2 billion of that being profit
Before it paid for itself spacex did and still does have a lot of very wealthy private investors willing to throw significant funds at the company
Then what, are you going to tell us next that going to Mars also was? Come on! /s
Leopards ate his.. internet?