[Zigurd]

SpaceX makes sense as a business in the way a mega-yacht makes sense as a ship. The valuation was set by a vanity investment by the Saudi sovereign wealth fund. 2.7 million subscribers can't keep 4500 satellites in orbit and replaced every 5 years. It is a prestige investment.

[bryanlarsen]

SpaceX is cash flow positive despite spending multiple billions each year on Starship and Starlink. The only way this is possible is if Starlink is profitable, and significantly so.

[fastball]

If you assume a very conservative $100/m subscription for every Starlink customer, they're making $3.6B a year already and it seems like they can do a lot more capacity.

Edit: just googled and they're predicting $6.6B in revenue for 2024.