alt Hacker NewsThe numbers overall are worse than I expected. I can't believe Serious People are talking about putting this in the market at a trilly.
> Starlink seems to be a real cash machine
It has been said more than once that Starlink financials cannot be analyzed apart from SpaceX financials. Very easy to move the launch costs from one entity to the other depending on whether it is more beneficial to show more revenue for SpaceX or more profit for Starlink.
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huevosabio • today at 12:19 AM
The space launch operating loss is like 10% of the Starlink operating income.
So Starlink is a cash cow!
Analemma_ • yesterday at 9:37 PM
I can't believe that my index funds are going to be looted to pay for this turd.
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maipen • yesterday at 9:21 PM
As if any of the marketcaps actualy reflect a company's true value. It's never just about financials.
The use of EBITDA for Starlink is also interesting. For something like terrestrial fiber, I can imagine thinking that there’s a lot of depreciation on the books, but that most of the equipment keeps working after the depreciation period or is cheaper to replace than it was to buy, and that the right of ways and attachments don’t really depreciate. But Starlink satellites are actually gone at the end of their useful life.
I have not dug into the filing to see how this really breaks down.