this post was submitted on 18 Sep 2024
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Isn't Starlink also too expensive because you have to replace the satellites every 5 years? As in you'd have to sell to basically everybody on earth to be profitable. And they charge 50Euros a month, almost twice as much as I currently pay, and I'm satisfied with my current provider.
I'm sure they ran the numbers and saw a goldmine in the future, except goldmines pale in comparison. They can serve a global market and can grow basically to serve the entire world. Their internal launch costs will continue to get lower and satellites can be improved to last longer.
Wow Canada sucks in our ISP choices
Cries in long island
I have one option that isn't 4g wireless crap... It's $110/month for 500mbps... It was $80/month but they felt the need to make more money by eliminating their lower tiers and "forcing" you to upgrade... I just suddenly had a 500mbps plan and $110 bill without asking them to change anything...
Their target market is people who don't have a better option, not people who already have fibre to the door.
And those people are famously wealthy.
Yes, RV travelers, cruise lines, multiple militaries.
not exactly my friend.
not exactly. many starlink users are not your grandpa in his $500k RV. it's the digital nomad in their $5k RV held together by duct tape. some of us would do anything to get away from all the bullshit of modern society, and quite frankly i think the world needs more of us.
I was being sarcastic. I simply don't believe that there's enough money to be made selling satellite internet to support replacing a large constellation of satellites every 5 years. Especially since Starlink's competitors use higher up satellites, meaning they don't have to replace their satellites as often.
Its their data thats worth money. Now its collectable.
Starlink is expensive, but it's not that expensive.
And they're running at a loss.
it is looking like that flipped this year to over 200 million in profit off over 2 billion in revenue
I just checked Wikipedia, and there it also says small profit. Could be caused by how the satellites are being written off, though.