Capitalism in space: According to a tweet by SpaceX founder Elon Musk, once the Starlink internet satellite constellation is operational and has a “reasonable well” cash flow it will issue and IPO and become a publicly traded stock.
“SpaceX needs to pass through a deep chasm of negative cash flow over the next year or so to make Starlink financially viable,” Musk wrote in another tweet. “Every new satellite constellation in history has gone bankrupt. We hope to be the first that does not.”
Based on the company’s pace of launching satellites and rolling out service, this moment could occur as early as late this year. More likely it will occur in mid-22.
I would also expect that stock to quickly rise in value, and based on the history of all of Musk’s companies, will continue to rise thereafter. Expect also that a significant portion of the investment capital that Starlink will raise will be used to finance the development of Starship and Super Heavy, because Starlink will need that larger rocket to maintain its satellite constellation.
From the press release: From the moment he is handed a possibility of making the first alien contact, Saunders Maxwell decides he will do it, even if doing so takes him through hell and back.
Unfortunately, that is exactly where that journey takes him.
The vision that Zimmerman paints of vibrant human colonies on the Moon, Mars, the asteroids, and beyond, indomitably fighting the harsh lifeless environment of space to build new societies, captures perfectly the emerging space race we see today.
He also captures in Pioneer the heart of the human spirit, willing to push forward no matter the odds, no matter the cost. It is that spirit that will make the exploration of the heavens possible, forever, into the never-ending future.
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