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posted ago by Arturhawkwing ago by Arturhawkwing +28 / -1

SpaceX is supposedly a month or two away from bankruptcy. After lobbing thousands of satellites into space in low earth orbit (supposedly for internet) they suddenly fear bankruptcy.

So what is starlink really for? Autonomous drones? 'Cloud' servers to house an AI? Uplinks for the vaxxed?

Whatever it is, i have never believed the ISP story. It's almost as ridiculous as believing CERN is for smashing atoms.

https://www.cnbc.com/amp/2021/11/30/elon-musk-warning-not-first-time-spacex-has-risked-bankruptcy.html

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KiloRomeo 2 points ago +2 / -0

I agree with this. The satellites were a way to bankroll demand for their primary service: space flight. Sort of similar to how musk built super charger stations everywhere to make electric vehicles plausibly. Didn’t know we’r they were bankrupt- couldn’t imagine US mil letting that happen

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justaddwater 1 point ago +1 / -0

Bankruptcy "story" could be Musk pacifying SpaceX engineers into accepting a fire sale of the Starlink business...to himself. Starlink has a backlog of orders well into 2022, not typical of a supposedly near bankruptcy company.

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sep11insidejob 1 point ago +1 / -0

Starlink will IP next year. The threats that Elon made regarding the bankruptcy was to strirr up the company to be able to produce Raptor engines quicker so as to be able to have a Starship launch every 2 weeks.