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Starlink has achieved breakeven cash flow

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Re: Starlink has achieved breakeven cash flow

#51
post #6

I don't trust a single thing he says at this point without evidence, I just can't possibly see it as breakeven without it, which we likely won't receive as they are a private corp.

Or it's Twitter/X's "not including the cost of servicing debt, the company already is cash flow positive."

https://slate.com/technology/2023/10/x-linda-yaccarino-debt-...

Re: Starlink has achieved breakeven cash flow

#52
post #6

I don't trust a single thing he says at this point without evidence, I just can't possibly see it as breakeven without it, which we likely won't receive as they are a private corp.

Why does it matter to you? I am fascinated by people who have such strong opinions about Musk, particularly on the negative side. The vast majority have never met him and, if they were honest, have probably been positively impacted by him (or not at all). Personally, I hope it’s true. Starlink is good for the world.

Isn't he in trouble with the SEC for things he's said on twitter about his companies? I think it's entirely reasonable to be skeptical of the things he says, particularly ones that make himself look good, with no evidence, and is unverifiable since Starlink isn't public.

Re: Starlink has achieved breakeven cash flow

#53
post #6

I don't trust a single thing he says at this point without evidence, I just can't possibly see it as breakeven without it, which we likely won't receive as they are a private corp.

Why does it matter to you? I am fascinated by people who have such strong opinions about Musk, particularly on the negative side. The vast majority have never met him and, if they were honest, have probably been positively impacted by him (or not at all). Personally, I hope it’s true. Starlink is good for the world.

Many people have strong opinions about Musk because he is intentionally inflammatory. He works hard for those negative opinions. To choose just one example of him clearly trying to generate engagement/outrage:

https://twitter.com/elonmusk/status/1601894132573605888

Re: Starlink has achieved breakeven cash flow

#54
post #50

Earlier quoted context omitted.

Why does it matter to you? I am fascinated by people who have such strong opinions about Musk, particularly on the negative side. The vast majority have never met him and, if they were honest, have probably been positively impacted by him (or not at all). Personally, I hope it’s true. Starlink is good for the world.

[flagged]

Digital colonialism... you can't be serious? You really think giving villages or tribes with limited or no internet service is a bad thing?

There were quite a few tribes given Starlink to fix their school computers so their children could get a proper education.

You shoved in a lot of other nonsense in there too, but I'd thought I'd call out the most ridiculous first.

> Starlink was intentionally curtailed during the Ukraine war in order to provide tactical advantage to Russian forces

Starlink was given to Ukraine for humanitarian reasons. Ukraine wanted to use it for drone strikes and wanted the area expanded. Musk did not want Starlink used offensively.

You seem to support the US government being able to tell private citizens what they have to do or who they have to kill with the technology they create?

Ukraine is not even a NATO ally and we are not in war with Russia.

Re: Starlink has achieved breakeven cash flow

#55
post #39

Earlier quoted context omitted.

> The vast majority have never met him and, if they were honest, have probably been positively impacted by him (or not at all). Why would people most probably been positively impacted by him? He seems to constantly have knee-jerk reactions to things happening around him, and his companies seems to frequently have issues with overworking employees.

2 examples: He's accelerated the switch to electric cars. He's made transport to space a lot cheaper, saving a lot of taxpayer's money.

He didn't create Tesla, though I'll grant him some credit for creating a combination of product and hype that made for a popular EV.

Gwynne gets all the credit for SpaceX IMO. Elon gets credit for letting her succeed.

Re: Starlink has achieved breakeven cash flow

#56
post #38

For those who don't know, capital expenses are depreciated over their useful lifetime (for StarLink sats, estimated at 5 years) and aren't accounted for by cashflow. Cash flow positive tells you they're not going to go broke, at least until they need more capital expenses (5 years...), which is a milestone, sure. But profit is a better measure of a business's value as a going concern. What happens in 5 years when the…

Starlink also has capex and subsequent opex for ground stations. Even with inter-satellite communications links in the 1.5gen satellites, it needs ground stations and interconnection with backbone operators. It is unclear if, as bad as many terrestrial ISPs are, Starlink has a TAM big enough. It's going to be slower and less reliable than terrestrial wireless, and expanding terrestrial wireless coverage is going to b…

They might be able to sustain just simply via country contracts using it as a breakglass in the event of a telecommunications attack.

I'm also seeing more commercial entities looking at it simply as a backup.

Re: Starlink has achieved breakeven cash flow

#57
post #6

I don't trust a single thing he says at this point without evidence, I just can't possibly see it as breakeven without it, which we likely won't receive as they are a private corp.

Why does it matter to you? I am fascinated by people who have such strong opinions about Musk, particularly on the negative side. The vast majority have never met him and, if they were honest, have probably been positively impacted by him (or not at all). Personally, I hope it’s true. Starlink is good for the world.

Musk has and is changing the world, change always makes people nervous.

Re: Starlink has achieved breakeven cash flow

#58

Earlier quoted context omitted.

Why does it matter to you? I am fascinated by people who have such strong opinions about Musk, particularly on the negative side. The vast majority have never met him and, if they were honest, have probably been positively impacted by him (or not at all). Personally, I hope it’s true. Starlink is good for the world.

> The vast majority have never met him and, if they were honest, have probably been positively impacted by him (or not at all). Why would people most probably been positively impacted by him? He seems to constantly have knee-jerk reactions to things happening around him, and his companies seems to frequently have issues with overworking employees.

Overworking is subjective. In his opinion that’s just how hard people should work on things that matter and that they care about.

I agree with you. I don’t think it’s worth working that hard for someone else. No one will remember someone who works for Musk. They won’t earn more than they could somewhere else. To each their own, though. I worked incredibly hard on much stupider things in my past.

Re: Starlink has achieved breakeven cash flow

#59
post #6

I don't trust a single thing he says at this point without evidence, I just can't possibly see it as breakeven without it, which we likely won't receive as they are a private corp.

So you trust public corps? Like Microsoft, Google, Facebook, etc. Are you this outraged anytime Sundar is mentioned or Satya or Zuckerberg, or any number of these other mega corp CEOs are mentioned? Because they are deeply corrupt and actively work against the people in the name of profits and power. I don't understand how Musk has become some boogey man to the chronically online types, sure he is self interested and focused on profits and power but no more so than all of these other tech CEOs.

Re: Starlink has achieved breakeven cash flow

#60
post #6

I don't trust a single thing he says at this point without evidence, I just can't possibly see it as breakeven without it, which we likely won't receive as they are a private corp.

I’m not a huge Musk fan, but his shortcoming seems to be more having unreasonable projections about the future. I’m not aware of him lying about things in the present.
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