Comment Re: sounds like bad accounting... (Score 2) 50
Their launch costs might be great, but there just isn't any demand. Without the starlink launches, the business would not be able to sustain itself. Reusable rockets is a catch-22 because the demand isn't high enough to keep a fleet of rockets with a replacement rate that makes maintaining the complexmanufacturing pipeline viable.
So without starlink, spacex is a dead end. And without spacex, starlink is a dead end. It's a very circular dependency, and they aren't profitable. Starlink will plateau in users - they can never hope to compete with fiber. Most of the world's population lives in cities, not rural areas. The satellite density needed to be a true cellular network is prohibitive. How many satellites would have to be over New York City to provide competitive service?