[Robotbeat]

> It is currently a money pit. It is a simple fact that right now it requires huge expenses in launches, R&D, and subsidized terminals and makes practically no revenue.

This isn’t a “fact.” “It” is the “satellite internet industry.” Viasat, just one such company, has billions in annual revenue and even manages to turn a profit. Starlink is far better positioned. Uses the industry-leading reusable launch vehicle workhorse which has a factor of 10 lower costs than traditional launch companies, with similar cost advantages for the satellite hardware.

Starship is a a factor of 10 or more better than that. Starlink is also entering the in-flight connectivity and the business/enterprise connectivity markets which are much higher margin.

Starlink already has 250,000 residential and business subscribers (worth around half a billion in annual revenue, including current prices, Starlink Business revenue, terminal sales, and special contracts), and they haven’t even filled out there first constellation yet. In 5-10 years, they will have millions of subscribers and billions in revenue. Potentially, tens of millions of subscribers and tens of billions in revenue, just like many other broadband internet providers.