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Musk’s Starlink Profits Are More Elusive Than Thought

SpaceX’s prized Starlink satellite business is still burning through a lot of cash, according to sources. Andrea Lamari, managing partner at Cuatro Capital and a transitioning general partner at Manhattan Venture Partners, a venture firm that has invested in SpaceX across multiple funds under their management, joins Caroline Hyde and Ed Ludlow to weigh in…

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SpaceX’s prized Starlink satellite business is still burning through a lot of cash, according to sources. Andrea Lamari, managing partner at Cuatro Capital and a transitioning general partner at Manhattan Venture Partners, a venture firm that has invested in SpaceX across multiple funds under their management, joins Caroline Hyde and Ed Ludlow to weigh in on “Bloomberg Technology.”

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19 Comments

19 Comments

  1. @diamandidimitrov8643

    April 10, 2024 at 2:45 pm

    МОЖЕ ДА ИМА МНЕНИЕ
    КОГАТО ЛИЧНО ТОЙ ДОЙДЕ
    ГОДИНИ ДА РАБОТИ ПРИ
    ГЛАВНА МАШИНА

  2. @jamesb.492

    April 10, 2024 at 3:15 pm

    Typical American who has never travelled the world. In large parts of Earth nothing comes even close to Starlink. Including our vast oceans travelled by ten thousands of tourists on cruise ships.

    • @Tr.ll..n

      April 10, 2024 at 4:28 pm

      Great work ELON =
      GENIUS = JEZUZ

  3. @Tr.ll..n

    April 10, 2024 at 4:27 pm

    In Musk I TRUST ❤😂🎉

  4. @mikeshaunnessey9303

    April 10, 2024 at 5:25 pm

    Perhaps Elon is a brilliant engineer and an idiot businessman.

    • @TheMagicJIZZ

      April 10, 2024 at 6:40 pm

      What the fuck are you talking about it just launched in 2020

      It’s not meant to be profitable. It’s a decade away. That’s how you grow a business. You only need to be cash flow positive and then you absorb the cost

    • @justlooking4202

      April 11, 2024 at 3:48 am

      An idiot businessman doesn’t successfully run several multi billion dollar companies simultaneously.

    • @ADK117

      April 11, 2024 at 11:40 am

      i don’t think the world needs more good businessman.. Valuing profit and success over everything else has lead to too much bullshit look at boeing, purdue pharma

  5. @JA-pn4ji

    April 10, 2024 at 6:32 pm

    Musk’s only business success is Paypal. Tesla was a disaster until he was saved by China. SpaceX is a money guzzler with no profit in sight. X is overvalued. The Boring company is a boring joke. As for his solar energy company, the less said the better.
    Musk’s talent is in creating illogical followership to boost his stock!

    • @TheMagicJIZZ

      April 10, 2024 at 6:47 pm

      Everything you said is wrong so stfu

      spaceX was profitable before starship and starlink

      Tesla was profitable before china. Only the model 3 made Tesla massive

      PayPal? Stfu he was a co founder and largest Equity holder but he was fired by the board before eBay acquired it

      Tesla and spacex are amazing businesses. They would be even more profitable if you stop investing in the future. Like more factories or starship. The falcon 9 is a workhorse

      Also the boring company is a small engineering company it’s not meant to be a big company

      Solar? He never started a solar company that was his cousins business he never ran that business ever

  6. @TheMagicJIZZ

    April 10, 2024 at 6:39 pm

    Who even said starlink was profitable? Lmao it only launched in 2020

    Maybe cash positive but it’s such an attack

  7. @TheMagicJIZZ

    April 10, 2024 at 6:57 pm

    I dont understand titles negative framing

    Starlink isnt a company it’s a business unit. Elusive? What does that even fucking mean? It’s a low earth orbit constellation? Every single one of them went bankrupt

    Bill gates tried in the 1990s but starlink is cash flow positive already because its a netflix type subscription business

    They arent making money on the terminals like sony and xbox never do on the consoles but make it back on the games

  8. @SamSam-qm1li

    April 10, 2024 at 7:39 pm

    Another hit piece by bloom

  9. @mrobinson

    April 10, 2024 at 8:30 pm

    What a biased guest! What was so ‘fantastic’ about Ed’s question when Caroline asked the same thing FIRST! Sometimes I worry about your whole ethos Bloomberg!

  10. @jonaslismont370

    April 10, 2024 at 11:33 pm

    “consumer trust diminishes” hahaha. This service is like literally 10X better than the closest competitor 😂

  11. @Leon-pm6lr

    April 11, 2024 at 1:40 am

    it must get expensive

  12. @Lord_Liverpool

    April 11, 2024 at 4:25 am

    I’ve been a Starlink customer for almost 12 months. I’m very happy.
    It costs just €50 per month.
    I’d have to wait 2-3 more years for National Broadband to be installed to get similar speeds and prices through fibre optics broadband.
    I’ve convinced two of my neighbours to install Starlink.

    My Starlink connection has zero outrages, with a Ping time of 47ms, an Average Download Speed of 300mbps & an Upload of 100mbps.

    My old 4G LTE connection had an average download speed of 5Mbps with regular outages whenever there was a spot of bad weather!

    Starlink has launched over 6000 satellites and their launch cadence increases apace.
    How many satellites has Amazon launched? Just 2! Lmfao!!

    How biased is this Blomberg article?
    Especially the bar graph at 3:26
    The graph is an underhanded tactic to make Starlink look bad.

  13. @shoelessjoe428

    April 11, 2024 at 4:37 am

    Space is a slow game. I wish they could think a little bigger. Fire our plastic waste from the oceans into the sun. Deposit our nuclear waste on Jupiter. Mine rare earth metals in space. Satellites seem so 20th century.

  14. @Goalcheck

    April 11, 2024 at 2:48 pm

    #SpaceX & The #Starlink service: Brilliant.
    In reality, nothing else compares to #Starlinks coverage, speed, consistency, etc @the moment.
    Bravo, keep up the good work.
    #ElonMusk4president

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Bloomberg’s Caroline Hyde discusses the latest sentiment around Nvidia as investors cool on the AI darling despite posting an earnings beat. And, the new Trump administration is said to be mulling a first-ever crypto policy role. Plus, Palo Alto Networks sees easier “fixes” ahead in cybersecurity as the world moves from hardware to software.
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Nikesh Arora, CEO of Palo Alto Networks, says M&A could potentially move quicker under the new Trump administration as they take on a more deregulatory tone. He joins Caroline Hyde to discuss on “Bloomberg Technology.”
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JPMorgan Chase Chief Data and Analytics Officer Teresa Heitsenrether talks about how the company is using an artificial intelligence assistant called LLM Suite. She speaks to Bloomberg’s Caroline Hyde at the Evident AI Symposium in New York.
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