That's only about 35% more than the main telecom operator here in Belgium (Proximus: $7.2B revenue in 2025, $2.5B market cap, positive earnings for 15+ years).
replyObviously Starlink can and will growth. I'm just pointing out how insane the market cap is, when compared to similar scale "connectivity" businesses.
I'm with you the 5B loss for 18B overall revenue shouldn't grant a valuation anywhere near 1.7 trillion.
replywas just answering the question.
> Starlink generated over 10B last year
replyAn entire one-hundredth of their proposed valuation!
Yeah, crazy for a company with nothing but the largest civilian satellite network and what amounts to a monopoly on space flight.
replyProfitability of space flight has a hard maximum. It’s not anywhere close to what their valuation would suggest.
replyThere’s a reason Elon keeps trying to get investors to believe his “data centers in space” lunacy, because you need that sort of magic pixie dust to justify why any of this valuation makes sense, let alone have anywhere to go but down.
Starlink terminals are popular, they put them on drones to avoid jamming (Starling jamming exists but not that easy for now). It might be their sales are inflated due to its use at war.
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