How has Starlink has gone from zero to profitability in five years?

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  • nucleative@lemmy.worldEnglish
    10·
    6 months ago

    Impressive. In the world of high-amounts-of-capital-required-to-start businesses, I think space internet is up near the top. That gives de-facto monopoly status to anyone who can launch.

    I guess it helps when you also control the rocket company, which had government money to help develop.

    There were a number of high profile attempts before this and they all sucked or failed.

    Either way I’m pretty uncomfortable with Elon being in charge of this thing and hope he gets some competition soon.

    • llamacoffee@lemmy.worldOPEnglish
      6·
      6 months ago

      I agree with everything you said and especially with the hope for competition (which in some ways there is, SpaceX is just miles ahead), but I just wanted to point out that basically every rocket ever developed was done with government funding :)