[TheAlchemist]

That's also my opinion - it will probably never be profitable - it's a great product, but the economics are not right - and that's why no other provider did this (even though they have the tech).

Let's see what happens once the bubble pops.

[JumpCrisscross]

> once the bubble pops

What's the bubble? It's cash-flow positive. All of SpaceX is cash-flow positive--they've been buying back their own shares.

You can argue it's overrated, i.e. customers will drop it after trying it for a while. (Or when a recession forces their hand.) But bubble requires leverage and losses, neither of which SpaceX (or Starlink) have.

[TheAlchemist]

Sorry, I was referring to the general stock market (mostly AI) bubble.

As for SpaceX, it's pretty much impossible to know their finances - they don't publish audited accounts. We can just trust what Elon is willing to share with us.

[lxgr]

What does a stock market bubble have to do with the profitability (i.e. not the valuation) of any given company?

Are you arguing that the demand in Internet connectivity in rural/remote areas is somehow caused by an investment bubble as opposed to a long-term stable need?

[TheAlchemist]

No, I don't think there is any relationship there.

I'm saying that I highly doubt the real profitability of SpaceX / Starlink, and we will only see if it's really as good as they say, once the bubble pops and there is no inifinite capital, and maybe some accountability.

[inemesitaffia]

They aren't raising money.

What's there to pop?

[TheAlchemist]

Sure, just like xAI is never raising any money (according to Elon). All of his companies are very tightly interconnected, so you should see them as a whole.

[JumpCrisscross]

> for SpaceX, it's pretty much impossible to know their finances - they don't publish audited accounts

SpaceX has audited financials. They're not published, but they leak a lot.

[TheAlchemist]

Yes, and Elon companies are well known for leaking reliable information.

[JumpCrisscross]

> Elon companies are well known for leaking reliable information

SpaceX isn't leaking their own financials.