[bryanlarsen]

They've announced that they had 1 million users in December. It's likely that ARPU is over $1000/user.

[bumby]

Assuming a 100% renewal rate

[bryanlarsen]

Assuming they are adding faster than losing.

[bumby]

I think we can agree that starlink is growing and will continue to be a bigger share of their revenue. That doesn’t negate my point, though.