Comment on [deleted]

• FaceDeer@kbin.social ⁨1⁩ ⁨year⁩ ago

  And yet they are already profitable.

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  • ColeSloth@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

    I highly doubt that. They just got to 2 million customers like 5 months ago. If you’d average the costs in pricing differences between residential and business, etc. you would figure it averages out to $200 a month per account. Even if you pretend that they have had 2,000,000 customers for that last three years straight that would only amount to $1.2B and I’d guarantee they have well over that in costs thus far. Skipping all the R&D the 5,000 satellites up there right now cost $500,000 to $600,000 per satellite to get to orbit (so total cost, fuel, making satellite, etc.). Even at just $500k each that’s still $2.5B.

    So yeah. There’s not really a snowballs chance in hell it’s in the black right now.

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    • FaceDeer@kbin.social ⁨1⁩ ⁨year⁩ ago

      Here's an article that talks about it.

      source

      • ColeSloth@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

        That doesn’t say it’s made money. It says it is now bringing in more than it’s losing. It’s still currently upside down. Also, no way would I believe that website when it says starlink will make a profit by the end of this year. It’s a fluff piece to prime things for the upcoming IPO.

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  • hansl@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Are they? I haven’t seen any reports of profitability for Starlink.

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    • FaceDeer@kbin.social ⁨1⁩ ⁨year⁩ ago

      Here's an article that talks about it.

      source