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by Betelbuddy 79 days ago
>> SpaceX is making money and doing well, the business fundamentals are working out, and it is valuable because of that.

Not true. They have to build a new constellation, every four years, at a cost of 8 billion dollars, and that is not accounted for.

Their main customer is...them: https://news.ycombinator.com/item?id=47613231