alt Hacker NewsThis seems generally correct, but there are some things to note.
Once fiber is installed, it’s not particularly expensive to maintain, indefinitely. That $2k/customer needs to be paid again every five years, whereas for fiber it’s much closer to being a one time cost. (To be fair, fiber still depreciates and gets damaged.) And fiber is not that expensive to install: Starlink clearly wins for truly rural areas, but for merely low-density suburban areas it’s not nearly so clear.
Starlink’s performance is not awesome compared to high quality DOCSIS fiber deployments, so they will struggle in areas that are well served by the latter, which covers quite a lot of the population by ability to pay, at least in developed markets. So there’s a limited total addressable market issue.
Of course, Starlink may have other valuable applications, especially military.
I don't think they're competitive anywhere a halfway decent terrestrial option is available. But there are enough places where those aren't available to get them 10 million customers and growing, which is enough.
If I were them, my big concern would be getting overtaken by the buildout of cellular connectivity. A good 5G connection could be competitive. But if their direct-to-cell stuff works out, we might see the opposite: rural cellular infrastructure stops being built out or even diminishes because it's cheaper to provide coverage by satellite.