sanitation@lemmy.today to Technology@lemmy.worldEnglish · 2 months agoSpaceX stock drops to a new low and loses $1 trillion in value in a monthwww.businessinsider.comexternal-linkmessage-square10fedilinkarrow-up11
arrow-up11external-linkSpaceX stock drops to a new low and loses $1 trillion in value in a monthwww.businessinsider.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 2 months agomessage-square10fedilink
minus-squareDoomsider@lemmy.worldlinkfedilinkEnglisharrow-up0·2 months agoYou mean creating a worldwide communication system that has to be completely relaunched every half decade that is the exact opposite of profitable isn’t sustainable!?
minus-squareweew@lemmy.calinkfedilinkEnglisharrow-up1·edit-22 months agoActually the Starlink division itself is profitable. The unprofitable part is Twitter and xAI which got merged in right before the IPO. SpaceX was actually on the path to being quite profitable, but then Musk tried to hide his two biggest money sinks inside it.
You mean creating a worldwide communication system that has to be completely relaunched every half decade that is the exact opposite of profitable isn’t sustainable!?
Actually the Starlink division itself is profitable.
The unprofitable part is Twitter and xAI which got merged in right before the IPO.
SpaceX was actually on the path to being quite profitable, but then Musk tried to hide his two biggest money sinks inside it.