this post was submitted on 29 May 2024
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Ars Live: How profitable is Starlink? We dig into the details of satellite Internet. (arstechnica.com)
submitted 8 months ago by [email protected] to c/spacex
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This will be the first Ars Live event we've done in a few years. During these discussions, reporters and editors at Ars Technica speak with industry leaders about the most important technology and science news of the day. So please join us at 2 pm ET (18:00 UTC) on June 11 on our YouTube livestream.

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[โ€“] [email protected] 10 points 8 months ago (1 children)

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.

[โ€“] [email protected] 6 points 8 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 :)