Starlink

“There's still the limitation where, ah, you can't use Starlink into Russian territory, so, ah, drones that are trying to deep strike into Russia, ah, are not using Starlink”

“Starlink is, is generally really, ah, robust against jamming. It's kind of unique, though, because often space-based comms, like, your satellite is so far away that your signal strength is relatively low, and it's actually very easy to jam. This is why GPS is …”

“But the connectivity piece on Starlink, 4.3 billion in the quarter, and 2.6 billion in adjusted EBITDA. He's got twelve million subscribers. That's doubled year over year. 66 dollar ARPU per month what people are paying per month. And he grew 20% quarter over …”

“Starlink alone could be generating on the order of forty billion dollars of revenue top line with a huge amount of that flowing to free cash. That could be a thirty billion dollar free cash flow within the year.”

“The Starlink business alone could be a trillion dollar market cap within two years, within 18 months, let's say.”

“And if he launches the handset thing, that subscriber growth is going to go, right now he's adding two million subscribers on the consumer side a quarter. You could see that going to four to five million a quarter.”

“So the piece there that's going to be explained probably in the next year or two is every single Tesla sold is going to have Starlink in it when they get that merger done. What that means is you're going to have wifi networks connecting any phone. To any Tesla…”

“So basically, SpaceX has developed a new V-III satellite that has 10 X the bandwidth of its V-II satellite. So currently the Starlink network is powered by V-II satellites They deploy them on the Falcon nine rocket, and they launch about 27 satellites per laun…”

“There's our friends at Benchmark, they funded StarCloud, and I don't know, last time StarCloud is an orbital compute company that, like, SpaceX is kind of partnering with they're gonna, I think, let them use the Starlink laser technology, which is really impor…”

“This was the first supersonic installation of Starlink, the first supersonic air-to-air livestream”

“It's about a 300,000 dollar cost to install on an aircraft like this. Very slightly on a bigger aircraft or smaller aircraft.”

“And it was probably 2019 or so when, you know, they launched probably a couple of Starlink satellites, and it was, I think, pretty clear for people who had known them for a long time that, like, they'd figured it out so this was gonna work, and therefore you c…”

“SpaceX built basically more launch capacity than there was demand for, but then Because there was space on every SpaceX rocket, and they were able to build them so, so efficiently, so affordably, they were able to put up a massive constellation of internet con…”

“You look at the percent of global households with Starlink, it's less than one percent.”

“Fifty billion, that's, you know, 0.3% penetration of the global telecom market.”

“Launch is like, you know, I'm bullish on launch going forward, but like, the applications of launch are where the, where everything is at, right? And like, telecom and global telecom, I mean, it's pretty huge.”

“I believe that within a few years, Starlink will power a device which will actually enable you to make a phone call anywhere in the world.”

“I think Starlink will be the vast portion of the value. The value, I don't think data centers in space will be a meaningful percentage of revenue.”

“Starlink did 11.4 billion in revenue last year on 50% growth with 4.4 billion in operating income.”

“The Powerwall with compute in it, it's already online, right? And Starlink also gives them the ability to do distributed compute to people's homes. Again, you could be paying people to put Powerwalls with compute in it. That's going to be the next shoe to drop…”

“Three times as big almost as space launch.”

“Starlink has deployed more than 650 satellites dedicated to providing connections to cell phones as of the end of last year, connecting more than twelve million people, according to the company.”

“So in space, with the number of satellites going up with Starlink, and to actually deploy data centers that can output data on those nodes on that network, SpaceX has largely built a backup internet.”

“If you're not on the frontier, like, Elon obviously wants to operate on the frontier and the domains that he's operating in, and the reason that is important is not only because he wants to push his missions forward, but you also unlock opportunities you can't…”

“I view it as like a zero percent. Threat.”

“Starlink, their satellite internet constellation, now has over 9000 satellites in orbit, the largest in history, both built and launched by the same company.”

“Working at frontiers creates optionality invisible from the ground. Starlink wasn't in the original vision. It emerged because SpaceX was already there, launching so frequently and cheaply that a 9000 satellite constellation became feasible.”

“SpaceX uses Bridge to repatriate funds from Starlink sales in Argentina, Nigeria, and other markets.”

“Starlink is the main revenue driver accounting for about 50 to 80% of the total revenue.”

“The rapid launch of 9500 Starlink satellites since 2019 has made SpaceX the world's largest satellite operator with only not over nine million users of the broadband internet service”

“So, they're in discussions ahead of a blockbuster IPO planned for later this year. The combination would bring Musk's rockets, Starlink satellites, and X social media platform, and the Grok AI chatbot under one roof.”

“And very quickly, like within two years or so, I think the company is basically going to have an excess Capacity. Like, they could launch all the just Starlink data satellites. They wanted all the direct-to-sell satellites they wanted, and they'd probably stil…”

“SpaceX just announced that at the end of last year they had 9.2 million subscribers on the core charlene consumer side and six million direct to sell subscribers.”

“And when we go like five years from now, all of my underwriting is, I think direct to sell will be probably even bigger than the original consumer internet business.”

“I think it's probably within nine months or so. Most United fleet will be upgraded, but they install Starlink when a plane goes down for its like annual or biannual maintenance.”

“And then after Starlink got to about a billion of revenue, which was very fast, it was about 12 months after they got their first dollar of revenue, they were at about a billion of run rate,”

“Starlink has more than 9000 satellites in orbit and roughly nine million customers.”

“That is the generation of Warfare and information that we are going to see in every conflict going forward, especially when you have something as ubiquitous as Starlink and other things in the sky to help you get the information out.”

“With only a 150 potential transactions, and most of them getting taken up by Starlink, there's just not that much availability, and so there are customers who are willing to pay quite a bit more to get the availability, but to make the space economy more ubiqu…”

“We we're serving one of the largest agricultural conglomerates in the US on herd safety. So actually like monitoring risk factors. When should you send a vet for their herd of cows basically? And that whole process relies us on us actually sending forward depl…”

“Starlink has over 10,000 up there already, I believe.”

“We're operating in a 150 different countries now with Starlink.”

“So it's not physically possible for us, for starting to serve, ah, densely populated cities. Like, you can serve a little bit, maybe one percent of the population.”

“Created the opportunity for them to build a Starlink, which is now one of the most powerful internet constellations in the world. And it's actually driving a very, very large majority Of overall free cashflow and revenue for the business.”

“Every time I talk to people on the ground and ask them, what's the most important piece of technology that you use, they all said Starlink.”

“SpaceX came to us, they're selling Starlink all over the world. And so as a result, they're collecting local, so people are paying for Starlink and, you know, dozens, many dozens of different countries with their cards. So they're getting local currencies in a…”

“We smudled Starlink and antennas into the country, generators, Laptops, cell phones, and without the regime noticing it, we installed these a 130 operational places, and in less than 24 hours, we were able to prove our victory with the, you know, the images, o…”

“If you want to have the ability to, like, rapidly prototype electronic systems, you've got to have that here, servicing, servicing the US market, which is the strongest consumer market on earth. There's no reason you can't do it. No, you don't want to have, li…”

“And I think that will continue in a way that probably surprises people, in that like, I think SpaceX will probably capture more of the global, Telecommunications market than people expect.”

“Like, I look at it and say, like, I think the business can triple Without having to make any big bets about people traveling 30 minutes across the world or, you know, data centers in space.”

“There's nothing like, you know, modern warfare to sort of showcase the material benefit that some of this new gray technology, whether they be UAV drones or access to You know, commercial satcom like Starlink, the effect that that can have on the battlefield, …”

“So I have a slightly contrarian take on this. I don't think anything is pure play commercial. Nothing. Not even Starlink.”

“But he launches about 2000 per year.”

“It's the definition of a great, I mean, definition of a great business is when your customers can hate you and still do business with you.”

“The truth is SpaceX, it's just such an amazing achievement that even if your, what was your largest customer, interestingly, is now no longer your largest customer because Starling is such a big business.”

“Beyond its existing 4.5 billion in federal contracts. SpaceX is also poised to get a slice of the forty two billion in contracts to provide internet connections to rural areas through Starlink.”

“Starlink's total top line revenue is going to be passing the NASA budget in the next year or two.”

“SpaceX has a program where they move, you know, they'll sell a Starlink in, I think it's like some, south of like Brazil or something, and then they'll immediately, you know, use stablecoins for so-called treasury management.”

“SpaceX, like Starlink is like, uses it to move money from one country to another”

“Also, some amazing detail about their conversations with Elon Musk and SpaceX over using Starlink, where Apparently must gave them a 72 hour deadline to accept or reject his proposal.”