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Dish dealt space-debris fine for misparking satellite

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Re: Dish dealt space-debris fine for misparking satellite

#21

Post by Elyra »

p-e-w wrote: post #16
metaphor wrote: post #14

$150,000...restated, 0.014% of cash and cash equivalents on balance sheet[1], or 0.004%/0.738% of 23Q2 revenue/profit[2], respectively. I really doubt $150k is anywhere near sufficient to cover just the FCC's administrative costs on this one case alone. Megacaps are laughing all the way to the bank if this is all they're demanding a barely midcap company dish out, so to speak. [1] https://www.sec.gov/Archives/edgar/d…

Indeed. Imagine if fines for individuals worked that way: "We have video evidence of you tossing a lit cigarette next to a hiking trail in Yosemite National Park. You are hereby fined... 2.3 cents, payable within 30 days. You can appeal this ruling." "Umm... I don't actually carry any coins..."

> 2.3 cents

The exaggeration isn't even necessary, this is like a $1 fine for someone who makes $100k/yr and $30k on hand. I've had parking tickets which cost more for things which weren't even my fault (missing signage) but had to pay anyways because it's even more costly to take it to court.

Re: Dish dealt space-debris fine for misparking satellite

#22

Post by JumpCrisscross »

metaphor wrote: post #14

$150,000...restated, 0.014% of cash and cash equivalents on balance sheet[1], or 0.004%/0.738% of 23Q2 revenue/profit[2], respectively. I really doubt $150k is anywhere near sufficient to cover just the FCC's administrative costs on this one case alone. Megacaps are laughing all the way to the bank if this is all they're demanding a barely midcap company dish out, so to speak. [1] https://www.sec.gov/Archives/edgar/d…

> really doubt $150k is anywhere near sufficient to cover just the FCC's administrative costs on this one case alone

This is a novel enforcement action. The point is to show it exists, not bankrupt the satellite industry for sport. The real threat, in any case, isn’t monetary penalties: it’s license revocation.

Re: Dish dealt space-debris fine for misparking satellite

#23

Post by RF_Savage »

metaphor wrote: post #14

$150,000...restated, 0.014% of cash and cash equivalents on balance sheet[1], or 0.004%/0.738% of 23Q2 revenue/profit[2], respectively. I really doubt $150k is anywhere near sufficient to cover just the FCC's administrative costs on this one case alone. Megacaps are laughing all the way to the bank if this is all they're demanding a barely midcap company dish out, so to speak. [1] https://www.sec.gov/Archives/edgar/d…

On twitter there was talk that the real cost here is Dish admitting fault.

As that is reportedly going to cause a noticable increase in their future launch insurance costs.

That is the big thing here in addition to the fine.

Re: Dish dealt space-debris fine for misparking satellite

#24

Post by londons_explore »

RF_Savage wrote: post #23
metaphor wrote: post #14

$150,000...restated, 0.014% of cash and cash equivalents on balance sheet[1], or 0.004%/0.738% of 23Q2 revenue/profit[2], respectively. I really doubt $150k is anywhere near sufficient to cover just the FCC's administrative costs on this one case alone. Megacaps are laughing all the way to the bank if this is all they're demanding a barely midcap company dish out, so to speak. [1] https://www.sec.gov/Archives/edgar/d…

On twitter there was talk that the real cost here is Dish admitting fault. As that is reportedly going to cause a noticable increase in their future launch insurance costs. That is the big thing here in addition to the fine.

In guessing space insurance is done by a human not a dumb algorithm. I reckon the human can be persuaded to ignore parking fees when deciding the risk of the rocket blowing up.

Re: Dish dealt space-debris fine for misparking satellite

#25

Post by p-e-w »

dylan604 wrote: post #18
p-e-w wrote: post #16

Earlier quoted context omitted.

Indeed. Imagine if fines for individuals worked that way: "We have video evidence of you tossing a lit cigarette next to a hiking trail in Yosemite National Park. You are hereby fined... 2.3 cents, payable within 30 days. You can appeal this ruling." "Umm... I don't actually carry any coins..."

I don't know what the actual fine for tossing a lit cigarette next to a hiking trail in Yosemite National Park actually is, but I'm guessing that I'm going to think it is too low when I hear the actual fine. I know that I found myself in a conversation with a ranger when I found out I was participating in an non-permitted event (even though I was explicitly told otherwise). I received 2 citations with each carrying a…

> but I'm guessing that I'm going to think it is too low when I hear the actual fine

> [...]

> I received 2 citations with each carrying a $500 fine.

A $1000 fine in the absence of any actual damage is completely insane and potentially life-altering for low-income people. I cannot imagine what would make you think such a fine is "too low".

I guess this is what happens when people are raised in a society where crippling punishments for slight offenses are the norm, as long as the offender is a person and not a corporation or government institution.

Re: Dish dealt space-debris fine for misparking satellite

#26

Post by metaphor »

RF_Savage wrote: post #23
metaphor wrote: post #14

$150,000...restated, 0.014% of cash and cash equivalents on balance sheet[1], or 0.004%/0.738% of 23Q2 revenue/profit[2], respectively. I really doubt $150k is anywhere near sufficient to cover just the FCC's administrative costs on this one case alone. Megacaps are laughing all the way to the bank if this is all they're demanding a barely midcap company dish out, so to speak. [1] https://www.sec.gov/Archives/edgar/d…

On twitter there was talk that the real cost here is Dish admitting fault. As that is reportedly going to cause a noticable increase in their future launch insurance costs. That is the big thing here in addition to the fine.

> As that is reportedly going to cause a noticable increase in their future launch insurance costs.

Interesting speculation...except there's this eyebrow raising P&E footnote buried in their 10-K filing[1; p. F-33]:

>> We generally do not carry commercial launch or in-orbit insurance on any of the satellites that we own and therefore, we will bear the risk associated with any uninsured launch or in-orbit satellite failures.

[1] https://www.sec.gov/Archives/edgar/data/1001082/000155837023...

Re: Dish dealt space-debris fine for misparking satellite

#27

Post by dylan604 »

p-e-w wrote: post #25
dylan604 wrote: post #18

Earlier quoted context omitted.

I don't know what the actual fine for tossing a lit cigarette next to a hiking trail in Yosemite National Park actually is, but I'm guessing that I'm going to think it is too low when I hear the actual fine. I know that I found myself in a conversation with a ranger when I found out I was participating in an non-permitted event (even though I was explicitly told otherwise). I received 2 citations with each carrying a…

> but I'm guessing that I'm going to think it is too low when I hear the actual fine > [...] > I received 2 citations with each carrying a $500 fine. A $1000 fine in the absence of any actual damage is completely insane and potentially life-altering for low-income people. I cannot imagine what would make you think such a fine is "too low". I guess this is what happens when people are raised in a society where crippli…

the $500 fine was the max allowed. when i appeared in court, they presented me the with the max and threat of jail time in the hopes i would provide information in trade for a reduction. there's a whole lot more to the situation that i'm not going into in a public forum, so you can continue to ponder the situation like you know everything.

based on the max fines being $500 for the tickets i received, i would absolutely hope that some idiot throwing a lit cigarette to the ground in a national park would be hit with a maximum fine as well. at this point, i wouldn't mind living in whatever cotton candy land you live in where a lit cigarette starting a forest fire than burns down half the state is a "slight offense". "potentially life-altering for low-income people" means nothing to me in this regard when other people can lose their home or worse because someone can't be bothered to put out their cancer stick.

Re: Dish dealt space-debris fine for misparking satellite

#28

Post by benj111 »

This must be the hardest to parse headline I've ever read.

Doesn't help I've never heard of dish the company, but it's a fairly generic thing you would find in space.

Dealt can either mean give or receive.

Fine can mean ok, or a penalty charge.

Misparking is very similar to mis-sparking.

Re: Dish dealt space-debris fine for misparking satellite

#29

Post by daniel-cussen »

metaphor wrote: post #14

$150,000...restated, 0.014% of cash and cash equivalents on balance sheet[1], or 0.004%/0.738% of 23Q2 revenue/profit[2], respectively. I really doubt $150k is anywhere near sufficient to cover just the FCC's administrative costs on this one case alone. Megacaps are laughing all the way to the bank if this is all they're demanding a barely midcap company dish out, so to speak. [1] https://www.sec.gov/Archives/edgar/d…

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