Comment on Five People Founded Tesla, But Only Elon Musk Became Extremely Rich
Tar_alcaran@sh.itjust.works 6 months agocreated markets based on what his business could provide.
As much as I loathe musk, this is exactly what Starlink is. It’s a company founded solely to buy the product SpaceX is making, because other people couldn’t buy enough.
Of course, Starlink is floating almost entirely on venture capital, but that’s how Amazon got started too.
echo64@lemmy.world 6 months ago
Here’s the rub. Starlink is not and can not be profitable without venture capital and subsidies. It exists to funnel money away from taxpayers. It’s a con built on lies like the rest. At least some people get to benefit from this, unlike people sold overhyped cars and promises of Mars colonies, but that’s changing with price hikes and service degredations too.
cole@lemdro.id 6 months ago
can I get a source on the math for this? I haven’t heard that before
echo64@lemmy.world 6 months ago
What math do you want? The cost of launching infinite space ships forever is more than what subscribers pay. The satellites fall down in about a year and new ones need to be launched. The subscribers would have to pay for every single rocket launch. Right now American tax payers do.
cole@lemdro.id 6 months ago
The problem is you say this with certainty but have no numbers or evidence to back it up. How do you know the revenue from subscribers can’t cover rocket launches?