A European Starlink rival’s shares skyrocketed 390% in a week — here’s why
OOOH!!! OOH!!! I KNOW THIS ONE!!! STARLINK GO BOOM! PEOPLE GO NOPE! TESLAS STOCK PRICE GO (bomb falling sound effects) KABOOM!!!
Easy there, Powder… Although you are absolutely right
That’s Lemmy for you…
Bye bye future space launches once we have full or partial Kessler syndrome.
Bye bye earth based astronomy.
But dang this tech is so much better than Hughesnet
<ButtonPressingMeme>
Kessler syndrome doesn’t really apply for purely LEO satellites. They all burn up in a single digit amount of years.
It’s not something to worry about yet.
This is true at 500km altitude, but not so at higher LEO altitudes.
On the contrary, I think it is something to avoid. Imagine letting a single person ground all space launches for 9 years. And all the pollution that adds to the atmosphere. All the junk landing on people’s farms or houses.
It doesn’t work that way. I dislike Elon as much as the next sane person but we don’t need to invent new reasons to dislike him on top of all of the bad reasons that exist.
What evidence do you have? I’m going of of what experts are saying on the fediverse:
https://www.scientificamerican.com/article/spacexs-starlink-could-cause-cascades-of-space-junk/
It does work this way, and Starlink is waging a PR campaign that it’s no big deal.
So much space junk….
If only I wasn’t too chicken shit to start investing… I was looking at Eutelsats stocks earlier in the week. But it’d be my first steps on the market so decided against it.
I finally got brave enough to do it. Between August and January I had made over 800%.
Trump has ruined that for me. Oh well.
I’m not even sure how, it seems like its kind of wealth gated because you have to be able to make enough from your investments to cover brokerage fees. I’m not aware of any non US retail investment platform that doesn’t have a regular fee to pay.
Trading212.
Diversified investing is better anyway (for your wallet and mental health)
I didn’t read the article but I’d bet the “why” is because it’s been on the news and people think it’s an easy way to make a quick buck. However, these people are amateurs - when it’s in the news you’re already too late.
Not if you bought in at 100% or 200% or 300% when it was also in the news. You will still have made tons and tons of money.
The real positive for the company and maybe the world is if they issue some new stock now and get a nice war chest of cash so they can expand their network rapidly. That will hurt the investors above, but hopefully they take gains now when it’s fruitful or in the farther future when the company dramatically increases its market share.
I always wish I was quick enough to take advantage of things like this but I always miss the boat
Does make me think about the story of Thales of Miletus; ancient Greek philosopher, got asked what use was philosophy if it doesn’t make you any money. Predicted good weather, and monopolised all the olive presses, made a fortune.
For a modern example; shares in Rheinmetall (German firm who make, amongst other things, the turrets for tanks) have gone through the roof after the recent US debacle. I could have told you a year ago that Trump getting in would have meant the US abandoning Ukraine; obvious in hindsight that that would mean a boon for European arms manufacturers.
I don’t think you need to be quick to take advantage. I think you need insight. If there’s a topic that you’re knowledgeable about and you can see which way the wind is blowing, then you can make your own boat.
https://en.wikipedia.org/wiki/Thales_of_Miletus#Olive_presses
Good. Fuck Starlink.
Increased by 3.9X.
Sat internet is so overhyped. As it’s limited by physics cell towers will always outperform them. Simple as that.
- cities - cables and 5g
- country side - 4g and cables in high concentration areas
- middle of nowhere or war zones - low orbit sats.
This is purely a security issue not a consumer one.
Spoken like a true spoiled city person Good luck getting the necessary infrastructure built (cables, towers, et al) to really remote places. It’s probably more expensive in the long run than having a satellite constellation.
Idk i live in a country where we have wifi in some forests and free wifi in every large city. And we’re an ex soviet shithole.
Americans honestly think their shitty infrastructure is the best in the world.
To be fair america is massive and a 3rd world shithole. If even russia can’t pave its main highway how could a backwoods place like america have enough infrastructure to make cash obsolete?
Good luck? Most of the world is already there. I had 3g in deep jungles of Thailand last weekend and even in the most remote places in China have wire these days.
The main point is that sat is limited by physics so cell towers and wire are upgrades over sat so it makes much more sense to start with better technology now as we’ll never need less connection.
Counterpoint: even an hour out from Oslo there are people relying on Starlink
Seems like a skill issue tbh
And wires are not bound by physics? To run cables over such long distances you have to boost the signal at periodic distances to avoid voltage drops and noise
If we can figure out how to put them on the bottom of the ocean and pipelines over just about any terrain, I think we can figure this out
Yes and we can also use a solution which requires absolutely no cables and digging at all, and that doesn’t disrupt any natural environments and occupies land.
And yes I’m aware of the impact satellites have on the atmosphere. There’s no free lunch.
Because building space ports and rocket launches have 0 impact as well.
But you acknowledge this, so what’s your point? Why pay a techno billionaire when we can publicly fund cables way cheaper and more friendly?
Oh I’m all for Musk to eat shit. I was arguing that satellites are better, not starlink in particular. Lemmy seems to have issues separating their (valid) hate for muskrat with some of his companies or related technologies. And OP was arguing that cell towers are an improvement over satellites? Wth
Why can’t we have a publicly funded satellite constellation?
Infrastructure can be a real problem in some places.
I’m currently on a mountain and since they upgraded to a hybrid satellite/cable system the speeds have skyrocketed. Laying cable/towers is just not viable, especially with dense rock peaks blocking line of sight.
Also I have coworkers in Nigeria who lose internet multiple times a day (and often don’t have the bandwidth for a video call) but most of them have bitten the bullet and paid the high up-front cost to get starlink at home. And now can do HD video calls with zero interruption (unless they have power issues, but that’s a whole other thing).
So I think there’s a lot of use-cases for sattelite, especially for people who aren’t considered worth the investment in non-sattelite infrastructure.
It’s just unfortunate that yeah, space junk is going to one day (suddenly) be a massive problem.
Edit: ah I may have replied to the wrong comment
This is why I will never be rich. I never see business opportunities to buy tons of stock and act upon them.
You also need a ton of money to invest or you’re just getting pocket change.
Pocket change is better than no change.
I have nothing against people investing, it’s just not accurate to think the average person can invest and get somewhere with it, back in the 70s or earlier Warren Buffett said you needed to have around $300,000 invested to make any kind of reasonable gain, adjusting for inflation $300k in 1970 dollars is $2.5 million. When you’re below that threshold your not really getting returns you can do something with. It’s fine to invest less, it’s fine to invest aggressively even if you are poor, just don’t look at people with less than $2.5mil like their dumb for not investing more. It doesn’t work that way.
Commission fees are less than a buck. The rules don’t change just because you have little money.
No, the problem is that 20% growth of $2000 gives you a gain of $400. 20% growth of $10,000 gives you a gain of $2000. An average Americans entire yearly income is $70,000, it’s 20% growth is $14,000.
Edit: this is all in terms of a full year of investing.
But 20% isn’t happening every year, you are more likely to average 10%. Some years can be single digit, some can be negative, the point is this, you must begin with a very large amount of money to get real money out of the stock market. Even solidly middle class incomes aren’t going to be able to save up a years worth pay in only a few years, it would take many years, often enough to ensure the money will never be realized by anyone but by your children or grand children
Even if I would see them I probably wouldn’t have enough money to benefit of of them
See you just need to have inside information. There’s absolutely no way these rich assfucks aren’t trading on insider info.
It’ll be interesting to see what the Canadian telesat LEO system will be capable of. They’re supposed to be launching satellites next year and are using a higher orbit so will need much fewer satellites than starlink.
But sadly increased latency. Also don’t hold your breath on Canada telecom anything, we have a history of being the worst at it.
I don’t mind a bit more latency (should still be nicely below 100ms) but my use case is more related to mid-Atlantic mobile connectivity than remote region broadband.
Their planned implementation just seems much better than others with beam shaping, linked satellites and less than 200 satellites to maintain and replace.
Although you’re not wrong about our telecom track record…
Your internet and mobile phone service kicks the UKs arse.
Oh no, oh dear everything no. Maybe in a few cities sure, but where I am I literally have no functioning internet anymore (they let the lines degrade below 1 Mbps) and have massive patches where cell phones don’t work at all (love when I hit a antelope and have to stand on the roof of my car to maybe get enough signal to call a tow).
Like no joke we have the worst and most expensive telecom in the developed (and a lot of the developing) world.
I should have considered the fact that I was always within an hour or so of Toronto.
The GTA is not really indicative of Canada at this point. It is the center of the universe after all…
No, appreciated. I had heard good things though.
Maybe from Telus/Rogers/Bell media. Its an issue really, the pro Canadian telecom propaganda is very much a thing here. I am told I have “great internet available” even where I am and then if I try to actually get it they ether say never mind or try and give me a cell modem. I am not alone on this ether, its a major issue.
To be fair two cans and a piece of string kicks the UKs arse when it comes to telecommunications.
Yup. Thanks Thatcher.
here’s why
What could it be?
We all know why CNBC. You could have just posted the title.
Because the drug addled used car salesman who’s currently about to default on his Twitter loans decided to embrace his roots and started throwing up seig heils and is currently having a crack team of 4chan incels dismantle a government while he threatens the world and works to make what he’s doing here happen everywhere.
Dude is a comic book villain. Villain of the week level. No real staying power. Either he’ll go broke or die from a ketamine overdose before Xmas. And what a gift that will be. I hope it happens on video.
die from a ketamine overdose
Please stop, I’m old and I can only get so excited.
I’d prefer full on mental breakdown while giving us his 1 bullet point live on TV, just follow Adolfo’s guide all the way to the end
Don’t forget the HCN. Just to be sure you know.
Ah, pulling a Budd Dwyer, except be actually guilty.
For the dishes: I don’t know the details of the 2 systems, but is there no way to retrofit the Starlink dishes to use Eutelsat’s constellation? I mean if we exclude the legal IP mess for reverse-engineering the electronics and software.
invest in community run broadband instead
Yes, but the surge is for Ukraine and Europe is gearing up to defend itself. It’s easier for Ruzzia to take out community broadband than it is satellites in orbit around earth.
And it’s harder to do both at once.
