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SpaceX files to go public

nytimes.com

621–630 of 631 posts

Re: SpaceX files to go public

#621

Earlier quoted context omitted.

How to do you factor in the military demand for Starlink? If you follow the war in Ukraine, there is absolutely no denying that Starlink is a total gamechanger. Mostly because it's inherently hard to jam, but also got acceptable latency allowing for unrestricted FPV strikes. Because of this, Ukraine seems to have achieved Russian air-defense degradation to the point of limited "free hunting" in the deep. In that use…

> there is absolutely no denying that Famous last words. https://t.me/kcpn2014/3890 The [Russian] Analytical Center of KCPN has conducted a large-scale study of the [Ukrainian] hidden military infrastructure, which provides Ukrainian forces with stable communications along the entire line of contact. The focus is on the “BakhmutTelecom” project — a military mobile network operator (3G and 4G) that was deployed practi…

It's true, it was a bit hyperbole. No civilian really knows what's up. Should have stated it accordingly. It's the apparent observer's consensus.

Yet, the Russian cut-off from Starlink was incredibly notable, organizationally and the recovered FP-1/FP-2 drones featured Starlink terminals, so no use denying that.

Ukraine certainly didn't build 3G/4G in occupied territory. Consider the radio horizon for a 50m tower. In proximity to targets, it absolutely can be jammed, and Russia is very capable of doing so. We see none of that in those deep strikes. Those drones seem to be completely resistant to EW, which implies a connection from above (can only be effectively jammed from above AFAIK). The latency seems notable, but stable.

Now, of course, Starlink alone wouldn't have defeated AD by itself, magically. That's mostly good strategy and intel. However, Starlink made those FP-1/FP-2 deep strikes way more effective and simple (compared to using relays and mesh networking, hoping EW hasn't caught up). Starlink allows to have stable video feeds until impact. No need for autonomy, radio tracking, terrain mapping... just a reusable pilot and a cheap drone. That's huge and a significant tech advantage. If Russia had this (and the intel) for their overwhelming numbers of Geran drones, Ukraine would be in a very bad situation, I think.

Apart from that, Starlink was also instrumental in exfiltrating information about the Iranian protests. It's just a jamming/censorship resistant technology evidently effective against most competent adversaries.

That said, due to the importance of Starlink, I think escalation to/focus on orbit denial attacks seems likely, for any nation which can't afford their own LEO sat network, or existentially utilizes censorship/information control. Especially since (low) LEO debris will deorbit rather timely, it's not exactly a permanent damage to human space flight. Therefore Starlink's military success may be self-limiting and temporal, since the satellites themself are not at all immune to asymmetric attacks.

Re: SpaceX files to go public

#622
post #435

Earlier quoted context omitted.

Grok and Elon's ventures in general should really get the Purpose of a System treatement in public discourse. For all we know the purpose of Grok is to make nude edits of people. You can assign this to left or right leaning as you please.

The obligatory "Elon is a poophead!" responses anytime you mention Elon without criticizing him is my least favorite thing about this forum.

He is a literally walking felony who in an era with an effective regulatory system would be at minimum barred from running public companies.

If you’re not one of the nerds stuck in 2014, and still enthralled with the Elon reality field and the Mars grift, taxi grift, robot laundry grift, etc, it’s pretty obvious.

Re: SpaceX files to go public

#623
post #545

Earlier quoted context omitted.

So nobody is entitled to a thought that is against the hive mind here? I think it's worse than what you're saying. It's almost impossible to have an objective discussion on any technology he touches in a online forum without someone mentioning his behaviors. Godwins law.

Well I don't know about you, but I at least think that it's good that the "hive mind" questions people who don't hate neo-nazis. Because that tends to be a warning sign when it comes to many other nasty opinions one might hold. And I'll just pre-empt any argument about how Elon is not a neo-nazi because that gesture he did on that stage wasn't a Hitler salute or whatever, I'd suggest any potential person wanting to a…

Yeah, you lost me at neo-nazi. I'm not buying it, but whatever this is low stakes entertainment.

Re: SpaceX files to go public

#624

SpaceX has reduced the cost of getting a ton of mass into orbit by a factor of 10 and with their new system (Starship) it's poised further reduce that to 100x. They launch, land and re-use their rockets so often now that what was considered impossible 15 years ago is now routine. They currently put more things into space than the rest of the world combined and by a huge margin. They also have the most advanced intern…

$16B is the top line gross revenue number. You don't count R&D as an expense per GAAP, so... They have claimed $8B in EBITDA, also leaving out the amortization of R&D costs. Those aren't audited numbers, as far as I know.

Arn't R&D costs expensed as incurred under GAAP?

Re: SpaceX files to go public

#625

Earlier quoted context omitted.

I'm older, and was there. The word of mouth was real. I was working in tech at the time, and had Google recommended to me by a mate. I tried it, and it rocked. This would be about 1996, I guess, somewhen around then. Every techie converted to Google, and we converted our friends and family. Sure they got media coverage, but remember at that time journos had very little clue about tech and relied on their techie frien…

Google became generally available to the public in September 1998, so you're probably misremembering the timeline.

wow memories are weird. I have a clear memory of a conversation with a colleague about Google, in the office that I was working in from 94 to 97.

Re: SpaceX files to go public

#626

Earlier quoted context omitted.

Personally, I think that valuing businesses by their expected growth is doing really bad things to our society. We used to value businesses by their current returns, usually dividends paid to shareholders. And we treated any statements about their future plans as interesting but not something anyone should trust. Now we value stocks on what their price will do in the near future, because the primary return to shareho…

I agree - I think there should be a rule that prevents anyone who buys a stock from selling it inside the following 2 years or so. And another rule that says every stock must pay a dividend that is a fixed percentage of the company's profit, modifiable only rarely and only by the board of directors. Then anyone buying stocks would have to price them more by the actual present-day dividends and strength of the company…

I think we should tax speculative gains to the point where it's not profitable to base your entire investment on just speculation.

If you buy something, do nothing with it, and then sell it for a profit, we should tax that profit at 90% ish.

Re: SpaceX files to go public

#627

Earlier quoted context omitted.

I agree - I think there should be a rule that prevents anyone who buys a stock from selling it inside the following 2 years or so. And another rule that says every stock must pay a dividend that is a fixed percentage of the company's profit, modifiable only rarely and only by the board of directors. Then anyone buying stocks would have to price them more by the actual present-day dividends and strength of the company…

I think we should tax speculative gains to the point where it's not profitable to base your entire investment on just speculation. If you buy something, do nothing with it, and then sell it for a profit, we should tax that profit at 90% ish.

I like that, I think your method is better than mine - it's simpler so it's harder to game. It punishes the right thing.

Re: SpaceX files to go public

#628

Earlier quoted context omitted.

$16B is the top line gross revenue number. You don't count R&D as an expense per GAAP, so... They have claimed $8B in EBITDA, also leaving out the amortization of R&D costs. Those aren't audited numbers, as far as I know.

No related to this conversation, but I just started reading some books on finance and I actually know what most of those terms mean now! Lol

Nicely done! When I started moving up from being an individual contributor to corporate management years ago, the brass would casually say things like "P&L" or "EDITDA" and I had no idea what they meant. I read textbooks, took online classes, and it was a big deal when I finally could lead a conversation related to our finances.

Re: SpaceX files to go public

#629

Earlier quoted context omitted.

$16B is the top line gross revenue number. You don't count R&D as an expense per GAAP, so... They have claimed $8B in EBITDA, also leaving out the amortization of R&D costs. Those aren't audited numbers, as far as I know.

Arn't R&D costs expensed as incurred under GAAP?

Software for sale or lease is treated specially. It may be expensed or it may be capitalized.

Re: SpaceX files to go public

#630

Earlier quoted context omitted.

How is this false opinion so common? I use self-driving regularly it has always worked more or less flawlessly

Self-driving is a thing. Full self-driving, commonly known as "level 5 autonomy", has been claimed for over a decade. These claims have been made so many times it has a dedicated Wikipedia page ! https://en.wikipedia.org/wiki/List_of_predictions_for_autono...

So basically we don't have full self driving, not because it doesn't work but because the regulators haven't approved it yet? Seems a little misleading to claim this is some failure on the part of Tesla's technology
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