- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
Morningstar analysts believe SpaceX is “significantly overvalued” ahead of its blockbuster IPO.
The analysts say xAI poses a “material threat of value destruction” to the company, with its “economic moat indeterminate.”
Morningstar values SpaceX at $780 billion, which is roughly 48% below its private market valuation of $1.5 trillion.
I agree for the most part, but if instead of giving FCC money to a nazi billionaire scumbag we funded public utility fiber, we would have no need to ruin ground based astronomy and we’d have faster, more stable, lower latency connections. Switching to my county’s PUD fiber was huge. I pay $65/mo for gig up and down and get sub 15ms pings in most things.
The FCC should have never given money to any private company, and certainly not one owned by one of the richest scumbags around.
There’s no “instead of”. We already paid for that fiber, and need to start insisting we get what we paid for
… “in addition to” getting low latency high bandwidth satellite. There are many legitimate use cases for satellite internet, including astronomy
While I do see the loss to astronomy, they can filter it out most of the time, they have satellite options, and most importantly there are a lot more internet users than astronomers
The money is gone, because the FCC gave it to private companies. Unless the FCC stops giving grants to private companies, people will have to deal with spotty, unreliable internet that is overpriced. It was very much given to private companies (such as Comcast, Time Warner, and now SpaceX) in much more massive quantities than public fiber. There is definitely at least some “instead of”.
I didn’t say there weren’t legitimate uses, but fiber is more often a better solution and it doesn’t fall out of the sky in an unsustainable way. Once the fiber is there, it’s there, and unlike LEO satellites, it can be repaired. It also doesn’t create an ungodly amount of pollution every time they need to lay some more, no where near as much.
I’d be curious to know what the astronomical use you’re thinking of is.
They can’t always filter it out. A lot of times the satellite tracks are RIGHT in front of what they’re observing. If it weren’t a problem, why are astronomers speaking out about it? Space telescope time is priceless, and it takes years to even get the chance to have a window of time where you’re able to use it. Have you ever seen how booked up they are? Saying they have satellite options only serves to minimize the actual problem to those that have no idea what that looks like.
The point isn’t that there are more internet users than astronomers. The point is that we had a better solution, most of the grants for that solution were given to private companies, and now one of the private companies (owned by a nazi billionaire fuck) is exploiting that for financial gain, while astronomers are catching strays. The point, in the end, is that SpaceX, like other private companies, should have never been given a grant from the FCC, especially when the nazi owner is one of the richest people on the planet.