I feel the global instability could easily be very disruptive to SpaceX. Just imagine if Russia gets vindictive and starts destroying these satellites or blowing up their satellites to create orbital debris that could knock satellites out of orbit. A really bad solar storm could be devastating.
Just saying there are some decent risks, and pricing it at 1.75T IPO seems risky enough. I would not take that gamble.
> imagine if Russia gets vindictive and starts destroying these satellites
Sounds like lots of demand for new launches from the military-industrial complex.
> imagine if Russia gets vindictive and starts destroying these satellites
Space is big. It’s almost always cheaper to individually target satellites than to try and blanket orbits. And with Starship vs ASAT, the cheap drones are the satellites. Russia would bankrupt itself trying to sink Starlink and Starshield.
(They would also set a precedent that would let the U.S. deny China a LEO constellation.)
> very disruptive to SpaceX
And to most everything else
> A really bad solar storm could be devastating.
Starlink already accounts for these (e.g. https://www.theregister.com/2025/11/18/starlinks_method_of_d... ), and in any case they are put in orbit so that they eventually fall back to earth in case control is lost.