432
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Sep 2023
432 points (97.4% liked)
Technology
59197 readers
953 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
This is the best summary I could come up with:
SpaceX's Starlink division hasn't come close to meeting customer and revenue projections that the company shared with investors before building the satellite network, according to a Wall Street Journal report published today.
SpaceX President and COO Gwynne Shotwell said in February that Starlink is expected to turn a profit this year.
"The majority of the world's population that the business could serve and that can afford high-speed broadband lives in cities.
In those regions, Internet service is readily available, usually offers cheaper monthly costs than Starlink and doesn't require specialized equipment."
But in public he has stated more modest ambitions for Starlink, pointing out that low-Earth orbit satellite ventures have a history of going bankrupt.
One step forward on profitability is that SpaceX says it is no longer selling Starlink user terminals at a loss.
The original article contains 654 words, the summary contains 135 words. Saved 79%. I'm a bot and I'm open source!