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by lopsotronic 9 days ago
Scuttlebutt I've heard is that the revenue mechanism of the whole complex is essentially a gigantic depreciation machine. Starlink sats de-orbiting all by themselves get considered "depreciation". That one mechanism basically gives you a Saturn V sized firehose of tax holidays, because satellites aren't cheap, yo, and you can make all sorts of deals to essentially spread that around.

Is it true? I got no idea.

Supposedly, Tesla had some unique money games that vastly blew up their cash flow early on, less a car company and more a sort of tax arbitrage. So maybe it's in character.