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Joined 1 year ago
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Cake day: October 6th, 2023

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  • They’re called drone-ships, but they’re more drone-barges. You absolutely couldn’t take them all the way out into the Indian Ocean in anthing but amazing weather, and they were delivered to their current home on top of another ship.

    That’s not to say you couldn’t have some kind of unmanned observer nearby, but it’ll have to be something else. Any yacht with a camera and a good drone would do the trick, you don’t need to spend (and risk) millions on custom ships for that.




  • Three major caveats here:

    1 - Free cash flow doesn’t actually mean profitability. It doesn’t include, as a prime example, expenditure of satellites, only the actual replacement sats launched. Starlink satellites have a life expentancy of about 5 years, so to calculate profit, you need to add 1/5th of the cost of your satellite network to your yearly expenses. For free cash flow, you only have to take account of the actual expenses. So, if you buy a 100k car every 5 years, your profit-statement will show 20k in car-costs per year. But your free cash flow will show 4 years of nothing, followed by 100k.

    Starlink had very few sats 5 years ago, so they’re barely replacing anything yet, the FCF is 4 years behind the yearly costs of the Profit.

    2 - A lot of Starlink income currently is from selling terminals, which is a very finite market. You only sell terminals to new customers, not existing ones.

    3 - Nobody can actually check these numbers, since they’re not public. We have no idea how realistic they are.