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Comment by pilgrim0

Which is a synonym for impossible. As far as the latest serious analyses have shown, data centers in space are a pipe dream. Starlink’s total addressable market was also shown to be way smaller than expected. The IPO in this case just signals they’re desperate for liquidity and with no clear path to profitability, if you discount unlikely, major breakthroughs happening very soon. They’re changing the rules of stock indexes just to shove SpaceX in. It goes to show how far the establishment is willing to go to save face. Elon’s company going under would poke an unpatchable hole in the US entrepreneurial mythology. They can’t afford that right now and they rather crash the whole economy.
parent pilgrim0 7 months ago

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