[Panzer04]

The real issue is that existing shareholders will all be eyeing each other wanting to exit at the highest price it'll ever be. That's a lot of selling pressure.

I can't imagine many people seriously believe SpaceX is a business worth 1.75T.

[expedition32]

Satellite internet is not a new invention- Iridium already did it and they went under. Nice for war zones and remote areas but not much else.

Besides the Chinese are launching their own network which will mean a price war. And the Chinese tend to win those.

[dangus]

Well, let’s not pretend like Starlink is the same as previous satellite internet providers. No previous providers were anywhere near as fast or low latency. The use cases for Starlink are a lot wider than previous solutions and it can even compete directly for customers who have cable existing service.

I still agree that the company is disastrously overvalued. Even if we consider Starlink to be just as valuable as a telecom like Verizon, that’s only a $190 billion dollar company.

[Panzer04]

Starling is an entirely different beast. However, it's addressable market is not unlimited. More people live in urban and suburban areas with fixed line internet than ever - the only real customer base is rural, and it still needs to compete with conventional mobile internet.

Starling is indeed very good, but it alone doesn't get spacex to 1.75T

[wat10000]

Iridium cost $3/minute for voice or 2400bps data. Starlink prices and speeds are comparable to terrestrial broadband.