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by JumpCrisscross
964 days ago
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> capital expenses are depreciated over their useful lifetime (for StarLink sats, estimated at 5 years) and aren't accounted for by cashflow This is incorrect. Cash flow is cash flow. Net income smooths capital expenditures. Cash flow does not. What that means is if you have a ten-year capital asset, year 0 cash flow will suck while year 1 will be exaggerated. (Starlink is currently in year 0 as it’s building out its constellation. Presumably, capex will fall when it’s in maintenance.) |
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