Why Starlink and The Rest of Elon’s Empire May Be Doomed

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00:00Why Starlink and the rest of Elon's empire may be doomed.

00:05Elon Musk has built his reputation on promises of revolutionary tech change.

00:11Starlink seeks to deliver global internet, especially to remote areas, through a vast

00:16network of low-Earth orbit satellites.

00:20They last five years before falling, leading to space pollution and financial threats for

00:24SpaceX.

00:26The vision of global connectivity devolved into debts and conflict, straining alliances

00:32worldwide.

00:36According to analysts, Starlink serves one purpose, justifying Starship's existence.

00:44Musk's Mars rocket requires substantial launch demand for viability.

00:49With just 150 global launch customers, most needing fewer than one launch yearly, artificial

00:55demand was necessary.

00:58Starlink creates the demand essential for sustaining the Starship program and financing Mars colonization.

01:08Despite Musk's claims of Starlink's profitability, its finances are murky.

01:13Bloomberg reports revealed rigged numbers, with losses per ground terminal.

01:18Bloomberg and the Wall Street Journal confirm unconventional accounting at SpaceX.

01:24High satellite maintenance costs make the financial model shaky.

01:28Dutch filings show just $2.7 billion in revenue and $72.7 million in profit for 2024.

01:37Though serving 2.6 million customers, Starlink is still hemorrhaging money.

01:46Elon Musk's involvement with the Trump administration, through establishing Doge, has tarnished his reputation.

01:53Globally, governments are rejecting Starlink due to Musk's political manipulations.

01:58U.S. airlines denied Starlink as in-flight internet.

02:03Ontario canceled a $100 million contract, Italy's $1.6 billion deal faces opposition, and Mexican

02:11telecoms withdrew $7 billion.

02:15Allegations of bypassing Brazil's Twitter ban and Ukraine threats shift customers to competitors

02:21like UTELSAT.