10 years ago this would have been a great business. I suspect the business will end up being a place to sink money for Space X.
This feels like another of Musk's ideas that's like, "give me a ton of money and I'll make this happen, and it only works if I can launch 100 satellites which will cost a few trillion"
How many of these have panned out? When has Musk made a profit? Will investors do due diligence this time, or just throw money at him because they perceive him as successful, despite the fact that his only profit came from a lucky website sale just before the dot com bubble burst?
I guess banks will pump this so they can get the business, and the general economy will be left to absorb the blow when this fails to meet expectations, like the rest of Musk's promises.
The legg up that Spacex has is potentially very low cost launches on reused rockets. But I have a strong feeling that the major cost savings will only appear if and when BFR is ready (and if it does what is claimed).
> People that are a lot smarter and more educated in this subject matter than myself have looked this idea over (at least I hope so)
This was often said of companies before the dot-com bust, and very often said of Enron. Everyone thought someone else before them had done due diligence. Now that the economy has been doing well for awhile, it's worth taking another look at ideas put forth as "it can't fail".
How about hope for the best and if you don't believe in them, then don't invest?
Imo it's a really good idea, and I'm glad someone is trying to solve the broadband issue in rural America, because there's a serious one. I live out here, you're out of touch if you don't think there's a market.