[rlt]

There are a bunch of reasons to believe this is wrong, in addition to the things other people have pointed out:

- Starship will further reduce SpaceX's already low launch costs.

- Economies of scale by producing 10,000+ satellite.

- Industries willing to pay a lot for truly global coverage (maritime, aviation, oil, military)

- With the laser network, high frequency traders willing to pay a massive premium for the lowest latency connections between financial hubs.

- A "fully and rapidly reusable" Starship, if achieved, will change the economics even more. Not only will it further reduce the initial launch cost, but you could imagine potentially servicing/refueling or recovering aging Starlink satellites.

- Starlink (plus increasing work-from-home opportunities) has the potential to (slightly) redistribute where humans are willing to live to more sparsely populated areas.