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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.
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