SpaceX Launches 29 Starlink Satellites on Memorial Day (spaceflightnow.com) 126
"The expansion of SpaceX's Starlink network of internet relay satellites continued Monday with a Memorial Day launch from Cape Canaveral Space Force Station," reports Spaceflight Now.
The mission added another 29 Starlink satellites to more than 10,000 already in low Earth orbit:
This was SpaceX's 60th orbital flight of the year, consisting of 59 Falcon 9 rockets and one Falcon Heavy rocket...
Nearly 8.5 minutes after liftoff, [Falcon 9 first stage] B1078 landed on the drone ship, 'A Shortfall of Gravitas,' positioned in the Atlantic Ocean off the coast of South Carolina. This was the 151st landing for this vessel and the 614th booster landing to date for SpaceX.
Meanwhile, the second stage shut down eight minutes and 39 seconds into flight and entered a coast phase, before short second burn at T+52 minutes. The stack of Starlink satellites deployed 61 minutes and 26 seconds after launch.
On X.com SpaceX shared footage of the booster rocket landing, and a longer video showing Starship's 12th test flight Friday.
Nearly 8.5 minutes after liftoff, [Falcon 9 first stage] B1078 landed on the drone ship, 'A Shortfall of Gravitas,' positioned in the Atlantic Ocean off the coast of South Carolina. This was the 151st landing for this vessel and the 614th booster landing to date for SpaceX.
Meanwhile, the second stage shut down eight minutes and 39 seconds into flight and entered a coast phase, before short second burn at T+52 minutes. The stack of Starlink satellites deployed 61 minutes and 26 seconds after launch.
On X.com SpaceX shared footage of the booster rocket landing, and a longer video showing Starship's 12th test flight Friday.
Say what you will re: free trade or protectionism (Score:5, Insightful)
but one of the big reasons the US has a world-leading space launch and satellite services industry is that it is just flat out illegal to outsource or off-shore it.
ITAR is an absolute pain in the ass, but it seems to be worth it on the whole and in the context of the hollowing out of everything else industrial in the country.
Re:Say what you will re: free trade or protectioni (Score:4, Interesting)
But the counterpoint is that we'd likely have moon bases and be on Mars by now. Elon has stated that SpaceX would have been able to evolve much faster without ITAR, well at least he did in the era before he went full MAGA: https://www.instagram.com/reel... [instagram.com]
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The thing with ITAR is it makes it a lot more difficult to hire non-US persons that will have access to anything covered by ITAR, which is basically anything that might ever be part of or even come into contact with a rocket. H-1B is still done, but with much more difficulty.
I think the main reason Elon had the falling-out with Trump was over immigration.
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It's Musk though, so is just as likely to be an excuse for his hilariously optimistic claims about how easy and quick it would be to get to Mars.
He seems to have realized, over a decade later, and is now talking about a moon base. Wait till he discovers what a shit-show that is.
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There are advantages and disadvantages to both.
Re: Say what you will re: free trade or protection (Score:2)
Teraform the Gobi desert, then work out way up to the harder stuff like living on Mars for a year.
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Robotic tech will be needed for both, and it can be done in parallel.
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I don't know where you buy your clothes, but mine appear to have been made in S America, Bangladesh, Pakistan, Vietnam and I'm not sure where else. I've had made-in-US clothing before but the quality was pretty poor, probably because they were having to match prices with countries where wages were way lower. I suppose the same applied with clothing made in the UK, although it's been a long time since M+S dropped their "Buy British" policy.
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China makes bottom tier products for this country because its what we buy. If you made the same product domestically with the same profit margins the quality would be exactly the same.
Re: Say what you will re: free trade or protectio (Score:1)
The economics and methodology are different. Here, labor costs dominate so labor is what gets skimped on. There, labor is cheap and material costs dominate, so the materials are what gets skimped on. You can design something to minimize touch labor but still not fall apart it you look at it funny, but if you cheap out on the plastic or the adhesives it's going to fall apart fast.
Re: Say what you will re: free trade or protectio (Score:4, Insightful)
China's labor costs have been rising fast in recent years. I don't think you can say any longer that China produces cheap goods because their labor is cheap. Especially for the kind of technology goods that so many of us buy. Phones, laptops, gadgets, etc. Rather China has invested in advanced manufacturing technologies. And they make all their own tooling. They now have more experience building and operating electric vehicles and charging stations that we do.
I participated for a while in a small company that was trying to mass produce (domestically) a product for a specialized market. I learned all about saving pennies and removing as many parts as possible until it just barely functioned. The Chinese learned to make goods as cheaply as possible from us!
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News today that a Chinese company has released a GPU that benchmarks similarly to an Nvidia RTX 3060. Coincidentally, the 3060 is the most popular GPU in the Steam charts.
It's designed and manufactured domestically. The rate at which they are catching up is impressive.
And the same thing is true of space. Even disadvantaged by geography.
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Let us know when it's been tested by more than "Chinese tech reviewer Chaowanke"
The jokes write themselves there so I won't bother.
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Gamers Nexus will probably test it soon.
The issue tends to be compatibility with games that aren't popular in China. Basically everyone except Nvidia has compatibility problems to some extent.
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Basically everyone except Nvidia has compatibility problems to some extent.
On what basis are you exempting Nvidia? They are very far from perfect in this regard.
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On the basis that all major games get tested on their hardware extensively, because they have in excess of 90% of the market.
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They have a card that is competitive with the most common gaming systems in use today. They are improving rapidly. They have a lot of pre-orders because it runs the games that are popular in China well enough, and is competitively priced.
The company that makes it isn't a genocidal totalitarian dictatorship. And even if it was, that isn't an excuse to let them take market share from Western companies.
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Is that how you intended to word it? If so, I may have been misunderstanding you for some time.
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Maybe. I don't think the EU should just allow US companies to buy limited resources up and prevent domestic companies from competing.
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1. China has a real government, so Xi will subsidize sales in China to take the low/mid-range gaming market away from Nvidia.
2. China has a real government, so Xi will subsidize sales outside China to take the low/mid-range gaming market away from Nvidia. Even more so if necessary to make the choice between the Nvidia card and Chinese card a no-brainer.
Nvidia's nightmare is that China starts churning out cheap GPUs and AI chips which undercut Nvidia's market. If they put just 64GB of VRAM on this 3060-equiv
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China considers itself a democracy.
The democracy with the biggest parliament in the world.
The last genocide was hundreds if years ago, under Genghis Khan and Kublai Khan.
So no one knows what you are talking about.
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Most that is "relevant" in clothing, in China and most parts of Asia: is made by robots.
One or few more posts above, is the real truth: people are ready to buy cheap junk. Does not matter what the cheap junk is about. And especially in low cost wage countries, they are ready to produce and sell the cheap junk
If you would go to those places, and buy ordinary goods, they top notch quality, like Amy other top quality good on the rest of the planet.
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but one of the big reasons the US has a world-leading space launch and satellite services industry is that it is just flat out illegal to outsource or off-shore it.
What are you talking about? Many US space projects use non-US launch facilities. The James Webb Telescope is a prominent example. And there are all the rides hitched by US astronauts on Soyuz rockets between the retirement of the STS and the rise of alternatives like SpaceX Dragon.
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The James Webb Telescope is a prominent example.
Tell us you don't know what we're talking about without telling us.
The JWST is not space launch or service industry. It's a single product, and there's no limit of who can launch it.
The JWST is also not "US". It's an international joint project by multiple countries (including agencies like the ESA, CSA and NASA) collaborating to develop a telescope.
By the way there is one good example in the JWST of what we're actually talking about: The JWST was launched on an Ariane-5. The Ariane-5 is wholly manufactured
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I read RightWingNutJob's post as saying that a US space project cannot use a non-US launcher because it is "flat out illegal to outsource or off-shore it." "It" being the space-launch and satellite services.
Well, JWST is a US space project. Sure, it had international participation, but the US is the lead. CURIE and GOLD are other examples. Even the military used a non-US launcher, for example the US Air Force STP-S26 being launched by India.
And if you mean it the other way around, that the US can't launch n
Re: Say what you will re: free trade or protection (Score:1)
I mean exactly what I said. If you run an aerospace company in the US, you can't hire foreign nationals, subcontract parts of your rocket or satellite to foreign companies without an export license *for the system requirements in your rfp* and you can't have it launched abroad without an export license.
In practice this doesn't mean you can't have foreign parts, just that they need to be entirely off-the-shelf, which most specialized aerospace components are not.
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You may have meant "exactly" what you said, but what you said was absolute with no qualifiers: you said it was "flat out illegal to outsource or off-shore it."
And now you're backtracking and adding conditions. And they're wrong.
Getting an export license for an entire satellite or components of it may take significant effort, but that doesn't make exporting satellites "flat out illegal."
Aerospace companies subcontract to foreign companies all the time, for components, software, and mission support or monitor
Re: Say what you will re: free trade or protectio (Score:1)
Bottom line: if you're a US company and you make sneakers, you can be (and many are) a design-only shop and your stuff can be made abroad. And the design work can happen overseas too. With aerospace this just isn't possible.
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Well, JWST is a US space project. Sure, it had international participation, but the US is the lead.
That's not how those words work. NASA is the project lead, that's it. It's not a US project. Now if NASA developed a satellite by itself without help from anyone else then outsourcing would be allowed. You also mentioned the Soyuz earlier but conveniently left out the bit that the only assistance received from Russia is to the international space station - also not a US project.
Now, kindly tell me what you are talking about.
US projects.
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Well, JWST is a US space project. Sure, it had international participation, but the US is the lead.
That's not how those words work. NASA is the project lead, that's it. It's not a US project.
While technically an international project, it sure feels American:
* NASA payed for 90% of it
* NASA's Goddard Space Flight Center managed the development
* The primary contractor was Northrop Grumman
* It's controlled from Johns Hopkins' Space Telescope Science Institute
* The ground segment uses NASA's deep space network
A good portion of the instruments were designed and/or built by ESA and CSA, and of course it was launched on an Ariane 5.
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Not to mention it was named after a NASA administrator.
The Apollo space program that put Americans on the moon wasn't 100% US-supported either. I daresay nobody will claim it wasn't a "US space project."
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"Tell us you don't know what we're talking about without telling us." - You use that trope a lot... maybe you should find a different insult thing.
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Why? Did you understand what I said when using the trope? I suspect yes. That means we communicated, which is the purpose of me typing in this box. It clearly works and works well.
If you want change for change's sake go join Microsoft's UX division.
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"Tell us you don't know what we're talking about without telling us." - You use that trope a lot... maybe you should find a different insult thing.
I know, I know (waves hand dorkily) - how about "I'll take things that never happened for $1000 Alex!"? Everyone loves that one!
It was also nationalized (Score:3, Insightful)
If you have something that is universally desirable and needs to be built at scale you generally need to do it with the government one way or another. This is why I transportation network is almost en
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It doesn't seem possible to disentangle LEO lift from missiles with rocket technology so you can understand the argument.
Same with Starlink. We just learned that the attack on the Girl's high school dorm in Luhansk last week was done with four plywood and epoxy drone airplanes with manually targeted rockets strapped to the wings. Strapped to the top of the fuselage was a Starlink mini, per analyst reports (cf. Garland Nixon stream from last night) so operators could guide the rockets into the dormitory.
Per
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The big reason number one is that an South African yahoo immigrated into the US. ...
And that some other bozzos have a big pile of money to spent
Re: Say what you will re: free trade or protection (Score:1, Informative)
Been going on since the 90s. Didn't change a thing.
Re: Say what you will re: free trade or protection (Score:5, Interesting)
What launch service could he even offer? Russia is so far beyond bankrupt that resuscitating roscosmos doesn't belong anywhere on its radar right now. That's also ignoring the fact that its technology is horridly out of date, and more importantly, its government funded business can't even compete price wise with the American private sector.
Right now their only priority should be begging Ukraine for forgiveness. They can't even afford to defend themselves anymore, let alone project power. After that they'll have to figure out what to do about the demographic collapse they've already created. With any luck, they might be able to narrowly avoid famine after the war economy stops functioning, though it could very well take a miracle to do so.
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... its government funded business can't even compete price wise with the American private sector.
I think it's worth keeping in mind that much of the US private sector IS "government funded", in ways both direct and indirect.
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> Russia is so far beyond bankrupt that resuscitating roscosmos doesn't belong anywhere on its radar right now.
Russia just successfully launched its next-gen Soyuz rocket and they're raking in cash thanks to the massive increase in the price of oil from Trump's war in the Middle East. They're still behind SpaceX because they aren't even trying to reuse the launchers but they probably don't have a high enough launch rate for that to make sense.
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Ukraine is seeing to it they don't by destroying oil refineries. Right now there are at least 5 big refineries out of commission for the next month or more. That doesn't include reduced loading capacity at several different terminals which have been struck or pumping stations which no longer work.
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If you weren't a moron, you'd be hypothetical around a dictator that actually can offer launch services. That isn't Putin.
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Calling people a "smooth brain" is a smooth brain thing.
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You can lick my smooth brain.
Guessing that your smooth brain is in your little head...
"A Shortfall of Gravitas" (Score:2, Flamebait)
title of the next Musk bio?
More enshitification (Score:1)
Cape Canaveral Space Force Station
Since when did they desecrate Cape Canaveral by adding war mongering to its name?
Re: More enshitification (Score:3, Informative)
Before it was a space force installation, it was an air force installation. The air force was split off as an independent service in 1947, having previously been a branch of the Army under the War Department. The Navy was its own cabinet level department, dating back to the days of the Confederation Congress. They were merged in 1947 under a single department.
Would a cape canaveral war station be more to your liking?
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Cape Canaveral was known as Cape Canaveral Launch Area upon its foundation in 1949, but renamed to LRPG Launching Area in 1950. It was known as Cape Canaveral Auxiliary Air Force Base from 1951 to 1955, and Cape Canaveral Missile Test Annex from 1955 to 1964. The facility was known as Cape Kennedy Air Force Station from 1964 to 1974, and as Cape Canaveral Air Force Station from 1974 to 1994 and from 2000 to 2020, taking the designation Cape Canaveral Air Station from 1994 to 2000.[8][9][10] The facility was renamed "Cape Canaveral Space Force Station" in December 2020.
https://en.wikipedia.org/wiki/... [wikipedia.org]
Try looking before you leap next time?
More pointless space junk (Score:3, Insightful)
Not to mention the pollution from the launches. Counting down the years until Kessler kicks in.
Re:More pointless space junk (Score:5, Insightful)
Not to mention the pollution from the launches. Counting down the years until Kessler kicks in.
That's nothing compared to ignorance on the topic. Starlink satellites re-enter the atmosphere within about 5-6 years. They leave zero space junk and don't contribute to Kessler Syndrome. They are in too low of an orbit.
Also give the low orbit, the relative efficiency of spacex launches, and the number of satellites in a payload per launch it turns out each Starlink satellite produces 340/25/5 = 2.72 Tonnes CO2 / year, or about half as much as your car. The entire Starlink program produces less emissions than a tiny tiny country town near bumfuck nowhere, Wisconsin.
There's so many problems with Starlink, how did you pick the two things that are completely irrelevant to complain about?
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Right, not to mention that they have thrusters which means they can move into a different orbit if the one they're in gets crowded.
Re:More pointless space junk (Score:5, Informative)
All true, but there is a measurable increase in pollution in the upper atmosphere now, some from launches, and most from all the satellite constellations burning up all the time. It's not as if these satellites just burn up to nothing. They leave behind all sorts of metals in the upper atmosphere, especially aluminum and magnesium compounds. It's a bit reckless. From what I read some of these particles might act as cooling agents, so hey it's all good. Nevermind the kerosene soot that lingers for years in the upper atmosphere after every spaceX launch. And other compounds damage ozone. We really have no idea how these effects will play out.
Re:More pointless space junk (Score:5, Interesting)
That's nothing compared to ignorance on the topic. Starlink satellites re-enter the atmosphere within about 5-6 years. They leave zero space junk and don't contribute to Kessler Syndrome.
See https://www.youtube.com/watch?... [youtube.com] Essentially the reentry introduces a lot of metals into the atmosphere, that cause the ozone layer to deplete. There's no such thing as a free lunch. Also - Elon is an idiot. His companies succeed despite him, not because of him.
"...Reaching for the stars, we blind the skies" (Score:2)
With so many satellites, soon, no one will leave this rock.
More accurate headline (Score:2)
Elon Musk requires employees to work holidays and weekends.
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And a good thing too, otherwise we'd have nothing to do or watch as Walmart, Home Depot and all the movie theatres are closed.
Oh, wait...
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Launches slip *all the time*. I live about 50 miles from Vandenberg, so I keep an eye on when they go up to see if there's gonna be a good view. My guess is that about 25% of them slip - and when they do, mostly it's a 1 day slip.
So slipping to the next day can't be a big deal. Especially if you're planning it ahead of time. Unless you're pushing up against the next launch - which would be unusual.
Yes, there are windows for some satellites. But I think they are roughly daily with these.
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To me at least, launch windows makes more sense than just making non-retail employees work on a federal holiday.
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For all we know, what looks to you like a one-day delay is actually a three-month delay, they just had a different launch scheduled the next day.
No. Launching a rocket is not like launching a plane. You have to get it to the platform and set it all up. You have to register with the feds. It's a whole thing. And here (well, at Vandenberg) there is just one SpaceX platform at the moment. I think they are talking about building another.
Maybe they can delay for a day, but at what cost? If your guesses are accurate that is.
You might be right and maybe I have absolutely no idea what I'm talking about. Here's the thing:
https://spaceflightnow.com/lau... [spaceflightnow.com]
If you keep an eye on that site because you live 50 miles away and like to stand in your driveway to watch launches then you start to notice things. You see the schedule slip by 24 or 48 hours on about 25% of the launches. Sometimes done ahead of time and sometimes the same day (with notes about weather delay on the spaceflightnow page) and sometimes near the last second - as verifiable because the live webcast gets scrubbed with N seconds left on the clock while the camera watches the rocket getting fueled, etc.
I may be way off on the 25% number - it could be half that. It's not double. But it's really unusual for them to slip more than a day at a time.
These launches happen nearly once/week at this point. It's not hard to see the patterns. Sadly, I could not find a good record of how often they are pushed back - I suspect because it's just not a big deal to slip a day or two for these kinds of launches. Moonshots would be a very different story. Mars even more so. But there are 10K+ starlink satellites in orbit and they go 'round every 90 minutes. I suspect they could do 90 minute slips if it were not for all the actual work that goes into a launch and the time to figure it out and the federal paperwork, etc.
To me at least, launch windows makes more sense than just making non-retail employees work on a federal holiday.
Here's the other thing: Elon is an ass. You can ask pretty much any of his current or ex employees - including myself. He doesn't much care what holiday plans he's ruining.
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Launching sattelites, or doing a test launch to test the performance or failure of reentry and safe return and landing stages or boosters, does not require a launch window.
US Defaultism (Score:1)
What day is that exactly?
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SpaceX's Starlink network of internet relay satellites continued Monday
Monday...
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which monday?
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SpaceX’s Falcon 9 rocket lifts off from Space Launch Complex 40 at Cape Canaveral Space Force Station during the Starlink 10-47 mission on May 25, 2026.
Boom-Boom and the Dogbotherers (Score:2)
Low latency is the killer ap (Score:1)
Re:Patriotic (Score:5, Informative)
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Re:They have to keep sending them up (Score:4, Insightful)
Maybe few people will by enthusiastic to buy into that; even with investing into indices or EFTs, chances are that you're already overexposed to AI. The worrying thing is that SpaceX will be included into the Nasdaq 100 index shortly after their IPO. Doesn't that mean that anyone running EFTs or trackers on that index will have to buy SpaceX stock to cover their position?
How would you make your money back? (Score:5, Interesting)
Basically anyone who needs launch services is already either using SpaceX or somebody else and there is no additional people who need launch services on the horizon except maybe starlink except that starlink has all the customers it's going to get because there's only so many people in the world who have $100 a month for high-speed internet and don't already have wired or already have starlink.
Now if SpaceX created a magic rocket that could defy the laws of physics and do launches for a fraction of the cost sure go ahead. A drastic reduction in the cost of launching satellites and rockets would increase the number of customers. But there really isn't any sign of that. Even if they get that fully reusable rocket working exactly as planned the cost reductions aren't enough to create whole new markets. It's not a paradigm shift it's a solid improvement. And that again assumes all of musk's promises come true and he has a very very bad track record of making promises. I mean how many cybertrucks do you own? How many $40,000 so I have a trucks do you own?
Kudos to you for realizing the AI stuff is just a scam but assuming you believe the rocket company isn't a scam where is the addressable market that's going to justify the valuation? How are you going to get your money out of that company either in the form of dividends or stock increases? Is this a case where you expect the price to shoot up like Tesla did so that even though the company isn't fundamentally sound you'll be able to sell the stock off? In other words greater fool theory? If not where is the money going to come from to pay the dividends you're going to need in order for your investment to be profitable, again assuming you take out the AI stuff? Because the reason they are doing the AI stuff is that well, all the reasons I listed above. SpaceX and starlink are not profitable enough to justify the valuation and they do not have the growth potential to become that profitable even without the AI anchor dragging them down
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If they get Starship working exactly as planned
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> Falcon 9 generously halved the previous price to orbit.
Note that there's a difference between price and cost.
I've seen estimates of a Falcon-9 flight with a reused booster costing around $20,000,000 which is about $1,000 a kilo to orbit. The Space Shuttle was around $20,000 a kilo and Ariane is apparently over $5,000 a kilo. So the cost is maybe 1/5 of traditional launchers.
The price is higher because when there's no competition in your price range there's no reason to cut prices lower than you have t
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The Shuttle isn't really a fair comparison though because it was a manned air force asset that the civilian program got to use most of the time. Ariane is not generally held up as being the economical launch option either.
But even if you go with Falcon being 1/5 of Ariane, a working-as-promised Starship is more like 1/10th of Falcon. Describing it as a marginal improvement over paradigm shifting Falcon is backwards.
$1000 - $3000 per kilogram to orbit was pretty revolutionary. $100-$300 will be even more so
Re:They have to keep sending them up (Score:5, Insightful)
Maybe they want us to believe that they will be a vertically integrated AI provider with data centers in space. I am highly doubtful about the latter; there certainly are business cases for having AI datacenters in space, but they are edge cases.
I have yet to hear of a remotely plausible business case for putting data centers into space. The only benefit is 24/7 solar power, but that benefit is more than offset by the cost of launching everything into orbit, plus the cost of keeping everything properly cooled, plus the cost of radiation-hardening everything, and finally the cost of maintaining hardware in space (or, more likely, the cost of periodically having to write off the entire investment and build and launch new replacement hardware).
Unless Musk is trying to corner the market for AI-generated kiddie-porn (or something similarly illegal that needs to be operated beyond the reach of Earthly authorities), his ground-based competitors will undercut his pricing by a factor of 100, and he therefore won't have a viable product to sell.
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The only benefit is 24/7 solar power
And a total lack of zoning, or jurisdictional restrictions of any sort (save Isaac Newton). No one whinging about noise, water consumption, land use, or any of that. No state/local/federal politicians to pay off. No public meetings where you have to at least pretend to care about local citizens' concerns...
but that benefit is more than offset by the cost of launching everything into orbit
I've got no retort for that. But the potential upsides listed above are compelling enough that you better believe the AIntelligensia will keep trying to make it happen.
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Low latency AI edge computing. There's several military applications, such as directing drone swarms or even providing AI to individual drones.
Perhaps, but I suspect Starlink (etc) already fills most of that use-case, and for the rest, they'll want that compute to be physically located inside the drones themselves, because otherwise the drones will be susceptible to jamming or spoofing.
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You don't get low latency by putting things in orbit unless you're competing with things in even higher orbits.
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That depends on where you are I guess. What's the closest DC to Iran?
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There are a bunch of datacentres in Iran.
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You're not talking about datacentres, you're talking about maybe a handful of satellites. Unless we're going full AI techno dystopia, and then just call it skynet. You'd still probably be better off with a regular Starlink and a dude sitting in a shipping container on the other side of the strait.
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Maybe few people will by enthusiastic to buy into that; even with investing into indices or EFTs, chances are that you're already overexposed to AI. The worrying thing is that SpaceX will be included into the Nasdaq 100 index shortly after their IPO. Doesn't that mean that anyone running EFTs or trackers on that index will have to buy SpaceX stock to cover their position?
The valuation of the company at IPO means that Nasdaq 100 index funds will need to purchase SpaceX in 5-15 trading days (the specific fund may vary a bit). S&P 500 index funds will need to wait 6 months before purchase. Other ETFs and investor funds not explicitly including the indexes may have indirectly had shares in SpaceX for a long time (Alphabet, Fidelity, and others, reportedly have large holdings of SpaceX) which will be impactful to their valuations.
Re:They have to keep sending them up (Score:5, Insightful)
Because they eventually come back down. That is a huge problem because it becomes a very large Capital cost to keep starlink in business.
Oh no, did no one at SpaceX realize that Low Earth Orbit is not permanent and they will have to replace satellites over time?
They have already built a constellation of 10k. As some of the first ones are deorbiting, they are still launching new ones at a rate that the constellation is still growing. Yet somehow they are making money. With the recent S1 filing we have our best view into SpaceX finances. $11.4 billion in Starlink revenue. $4.4 billion in operating income. Even after accounting for massive capex that is the constellation they had somewhere around $2 freaking billion in free cash flow from their Starlink segment. It is a bloody cash cow while they are replacing deorbiting satellites and expanding. Will only get better when they if they ever reach the point where they are not expanding the constellation. Even more betters if they ever get Starship working operationally.
People get so excited about a reusable rocket but like I've mentioned before I could keep my old 94 Honda Accord running if I really really wanted to but past a certain point it cost more to keep it running than it was worth. There is a reason why NASA gave up on reusable rockets and that's it. You can't put something under that much stress and keep sending it up into space over and over again without a shit ton of expensive maintenance and if you skip the maintenance the rockets just blow up and if you don't skip the maintenance you might as well have just built another rocket.
There is a monstrous gulf between keeping a piece of hardware running forever and replacing the hardware after a single use. You don't buy a new Accord after a single run to the grocery store.
There are three Falcon 9 boosters now over 30 launches. Ten over 20. No one think reusuability means you have to fly a booster past the point of economic sense. SpaceX is far from finding that limit.
The thing I keep seeing though is the faithful don't show up on this website or any other forum that isn't heavily moderated to prevent them from seeing wrong think. The right wing has completely retreated into safe spaces and anyone who is still on board with Elon Musk has joined those safe spaces and the right wing with them because they pretty much have to protect themselves from reality in order to see Elon Musk as anything but a skeezy grifter getting ready to steal their retirement money.
I am literally laughing. The I hate Elon therefore I must hate on anything SpaceX does crowd are legendary for their inability to back up their statement and hiding behind shadow bans and blocklists. They hate facts. SpaceX fans are on every social platform loudly flying the flag. Hell, many are so enthusiastic about it a common thing is, "I hate SpaceX because their fanboys are everywhere." Saying they hide in their own communities is absurd.
I'm sure somebody realized it (Score:5, Insightful)
I noticed your post is just throwing around big numbers ignoring the fact that the maintenance costs on replacing the satellites are killing starlink's profit margins and any potential growth it could have. The fact is they have to charge too much for the internet service limiting their market. So they have maxed out people who can pay that much money for internet and don't just have a wired option that's better. Exactly like I said they did.
Again you can throw out all the impressive sounding bullshit you want but it doesn't make their balance sheet look any better or justify the valuation on SpaceX. They're going to dump that shit into your 401k and they have structured the NASDAQ deal to make that possible.
But none of this matters. I am genuinely impressed to see you getting upvoted because it means that there is so much push to prevent anyone from questioning the validity of the SpaceX IPO that the bots have actually woke back up and have started modding is dead forum again. I didn't think I'd ever see them back with how dead things were. I'm sure it won't last but it's crazy how much money must be going into manipulating public opinion about the IPO if they're bothering with this dead forum.
Anyway better start picking out your favorite flavor of cat food because you ain't going to have any retirement income. All that money is going to go to make Elon the first trillionaire.
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Seems like they're making boat loads of money from starlink including putting the new ones up. The big money loser is because Musk combined the xAI with SpaceX
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While I'm with you almost on every point I would caution very strongly against taking any financial statements at face value. Elon is an expert at moving money around to try and make businesses look good, and one of his favourite ways of doing so is to get the insanely profitable SpaceX to pay for everything. The Starlink division reports very high operating profit as they do not pay any funds beyond consumables for launches with SpaceX. They pay a tiny portion of the market price and SpaceX gets to bury th
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The thing I keep seeing though is the faithful don't show up on this website or any other forum that isn't heavily moderated to prevent them from seeing wrong think. The right wing has completely retreated into safe spaces and anyone who is still on board with Elon Musk has joined those safe spaces and the right wing with them because they pretty much have to protect themselves from reality in order to see Elon Musk as anything but a skeezy grifter getting ready to steal their retirement money.
I am literally laughing. The I hate Elon therefore I must hate on anything SpaceX does crowd are legendary for their inability to back up their statement and hiding behind shadow bans and blocklists. They hate facts. SpaceX fans are on every social platform loudly flying the flag. Hell, many are so enthusiastic about it a common thing is, "I hate SpaceX because their fanboys are everywhere." Saying they hide in their own communities is absurd.
Yes, the coffee is spewing here, lol!
The I-hate-Elon crowd literally built their own little alternative Twitter universe to go hide in after Elon bought Twitter ... it's like the pot calling a shiny white kettle black!
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The IPO is timely for many reasons. One is that falling birds have not yet become a nightly firework display. At 60 going up per week, at some point 60 are coming down per week. Some people are going to really not like that.
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Re: They have to keep sending them up (Score:2)
The fact that they wonâ(TM)t throw away the second stage on every launch will also probably reduce those capital costs. A launch on starship should deliver 20 times the bandwidth, for 1/40th the cost.
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