Starlink is a confidence game/soft ponzi that requires new up front contracts to bamboozle Silicon Valley VC idiots into throwing more capital into the incinerator, if the rate of growth plateaus or decreased, it's game over lol - ThreadSky

esghound.com • 25 days ago

Starlink is a confidence game/soft ponzi that requires new up front contracts to bamboozle Silicon Valley VC idiots into throwing more capital into the incinerator, if the rate of growth plateaus or decreased, it's game over

lol

Reposted from FinTwitter

ONTARIO GOVT TO CANCEL STARLINK CONTRACT AMID TRADE WAR

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esghound.com•25 days ago

Whoops turns out launching thousands of satellites that have to be replaced every 3-5 years can't compete with a fiber optic line in the ground that will exist for decades, something all the Stanford Educated Neofash Geniuses at a16z couldn't deduce

esghound.com•25 days ago

The best part is that as more and more entities and nations cancel Starlink or forego new contracts, the only savior will be US Government dollars but any contracts issued under Trump will be subject to lengthy legal challenges, especially given the open and obvious conflict of interest

thelucastds.bsky.social•25 days ago

You assume he will be challenged

esghound.com•25 days ago

Look man, I am as cynical as the next guy but yes I do actually think Raytheon and Lockheed will sue over multibillIon dollar contracts arbitrarily handed out to competitors in a closed door process

utahstock12.bsky.social•25 days ago

ASTS ASTS!

preachypreach.bsky.social•25 days ago

Didn’t we go through all this 20 years ago with Inmarsat?

esghound.com•25 days ago

it's an entirely different technology, but also yes

preachypreach.bsky.social•25 days ago

It’s a niche. A valuable niche but a niche

crzwdjk.bsky.social•25 days ago

Iridium

jrosevear.bsky.social•25 days ago

Remember that lots of them are Stanford dropouts, because that's how you get attention from pattern-matching VCs.

no-privacy.bsky.social•25 days ago

That is why Musk wants to use Carr to go after and eliminate the $42.5B BEAD program to deploy tons of new fiber and fixed wireless connections. They know they can’t compete with faster terrestrial service. I believe BEAD money will continue to be spent. Many interested parties want the $.

ynot1989.bsky.social•25 days ago

It's essentially facing the same problem as the rest of tech: overreliance on cheap capital via near-zero interest rates. He can't scale or even maintain it without that.

Musk's whole life is a house of cards.

esghound.com•25 days ago

It's basically the same funding scam as fracking was in the 2010ish era. And yes you are spot on

ynot1989.bsky.social•25 days ago

Well all of it is fundamentally the same fluke of monetary policy post-Great Recession.

I think that's the only the other tech bros have cozied up to Trump: they'll give him anything in the faint hope of reducing interest rates because of how overleveraged they all are.

ynot1989.bsky.social•25 days ago

We're living through the last days of Big Tech as we know it, and a new "Malaise Era" is fast approaching.

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