Mr. Black Boi (OP) triple-posted this 1 month ago, 4 minutes later, 5 minutes after the original post[^][v]#1,436,094
For the three months ended March 31, 2026, we generated revenue on a consolidated basis of $4,694 million, loss from operations of $(1,943) million and Adjusted EBITDA of $1,127 million. In 2025, we generated revenue on a consolidated basis of $18,674 million, loss from operations of $(2,589) million and Adjusted EBITDA of $6,584 million. Our Space and Connectivity segments contributed the substantial majority of our consolidated revenue in the three months ended March 31, 2026 and the year ended December 31, 2025, demonstrating the benefits of their scale and operating leverage in our vertically integrated business model;
Soon to be first trillionaire yet operating at a loss?
For the three months ended March 31, 2026, we generated revenue on a consolidated basis of $4,694 million, loss from operations of $(1,943) million and Adjusted EBITDA of $1,127 million. In 2025, we generated revenue on a consolidated basis of $18,674 million, loss from operations of $(2,589) million and Adjusted EBITDA of $6,584 million. Our Space and Connectivity segments contributed the substantial majority of our consolidated revenue in the three months ended March 31, 2026 and the year ended December 31, 2025, demonstrating the benefits of their scale and operating leverage in our vertically integrated business model;
> > Soon to be first trillionaire yet operating at a loss? > > 🤔
Yes but adjusted EBITDA conveys fantasy profitability!
Mr. Black Boi joined in and replied with this 1 month ago, 24 minutes later, 2 hours after the original post[^][v]#1,436,145
@previous (B)
The way the billionaires in this country are operating, it really makes you think what would happen if the investment money stopped flowing. It’s such a broken form of capitalism.
Mr. Black Boi triple-posted this 1 month ago, 8 minutes later, 3 hours after the original post[^][v]#1,436,153
But I mean, come on, really. What is this nonsense? SpaceX is a startup? SpaceX is Amazon back in the day when Jeff Bezos didn’t want to make a profit because he wanted to spend money on growth. Really? Doesn’t SpaceX make their money with US government contracts? Where are they going to find a second US government? This is absurd.
> The way the billionaires in this country are operating, it really makes you think what would happen if the investment money stopped flowing. It’s such a broken form of capitalism.
It’s a farce. If you see what pirate equity does to just about any industry it touches, it’s apparent it’s all about fees and pocketing profit. Not developing competitive advantage or reinvestment.
SpaceX is a bit different due to massive infrastructure and overhead costs, and the entire space economy rides on their “cheap” launch. I need to read the entire filing but had been under the impression Starlink would be the profit center.
Mr. Black Boi joined in and replied with this 1 month ago, 26 minutes later, 5 hours after the original post[^][v]#1,436,162
@previous (E)
I feel suspicious of the profitability of starlink since the appeal of starlink to customers is people in rural areas or people in countries that don’t have good infrastructure can access the internet. Although, the issue with that is the world has been increasingly urbanizing decade after decade, especially in developing countries. So that’s a market that will get smaller over time, not larger, and you’d expect the profit margins would be smaller if you need to launch rockets than if you were a company like say Verizon building cell towers. Since a rocket is 90% fuel by mass because you need to use fuel to get your fuel into space.
Mr. Black Boi double-posted this 1 month ago, 4 minutes later, 5 hours after the original post[^][v]#1,436,163
I think OpenAI has a much worse business model though. LLMs are very computationally inefficient and most of their users are using ChatGPT for free. The way they’ve gotten around neural networks being computationally inefficient is by using hardware with more parallelism. But all you’re effectively doing by utilizing GPUs is trading off algorithm runtime for more chips with more silicon that cost more to produce and power with electricity. And their idea is to keep making the latest and greatest frontier model… except the main way AI companies make better models is somebody noticed early on the more weights your model has and the more data you train it on, the better the model is… so it’s only getting more computationally expensive over time and they’re already not profitable. Their business model literally just does not make sense.
Mr. Black Boi triple-posted this 1 month ago, 12 minutes later, 5 hours after the original post[^][v]#1,436,164
Then the other problem with starlink is in order to get higher bandwidth, they use more satellites in low earth orbit instead of fewer satellites in a higher orbit. That way the distance between satellites is smaller, the distance between you and the satellites is smaller, and you can connect to more than one at the same time. Except the problem is the Earth’s atmosphere isn’t a hard boundary, the pressure gets continuously lower as you get higher up, so there’s actually still a little bit of atmosphere in low Earth orbit which creates a tiny amount of drag on starlink satellites so they’ll all eventually reenter the Earth’s atmosphere and burn up on reentry so they’ll need to be continuously replaced.
Mr. Black Boi joined in and replied with this 1 month ago, 12 minutes later, 5 hours after the original post[^][v]#1,436,167
I mean, just google the number of Verizon users google the number of Starlink users and think about what’s more expensive: cell towers or continuously replacing satellites in low earth orbit.