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Why so big though? They have good use for massive launch capacity Start with Starlink. We think this opportunity scales into the hundreds of billions of dollars before returns begin to decay. Spend $1 billion building satellites and ground stations, launching the rocket, and acquiring customers. Yield $5 billion (net of taxes and operating costs in return.) Not a bad business. (These are our estimates for their 10th launch of v3 sats.)
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