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.
replyI have not dug into the filing to see how this really breaks down.
Looks like it's gonna be closer to 2 trilly
replyWhen do we call AI bubble? Like 2 trillion value and losing billions.
replyThe space launch operating loss is like 10% of the Starlink operating income.
replySo Starlink is a cash cow!
I can't believe that my index funds are going to be looted to pay for this turd.
replyWe can thank Nasdaq for lowering the standards to fast track SpaceX into an index with only having 5% float. Soon after it lists on the major indexes, we are gonna have some turbulence.
replyAs if any of the marketcaps actualy reflect a company's true value.
It's never just about financials.
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