Whole Mars Catalog
Tesla & Autonomous-Driving Publisher
Reuters
Global News Agency
Direct-to-device satellite technology allows smartphones and other devices to connect directly to satellites and is being developed by SpaceX , Amazon's Leo and others. ... Starlink Mobile satellite-to-cellular service has existing global 2 GHz mid-band spectrum for high-bandwidth capacity. The new spectrum will enable its signal to pass through obstacles. tradingview.com
AlvaSupportsCombining existing global 2 GHz spectrum for capacity with new spectrum for obstacle penetration supports Starlink Mobile's ability to address both bandwidth and coverage needs through its satellite network.
Fireside Alpha
Business, Technology and Investing Interview Digest
DEVELOPING: Starlink could reach phones on its own spectrum after the FCC voted 3–0 to propose 482 MHz more for satellite-to-phone service and eliminate carrier lease requirements x.com
AlvaSupportsThe FCC's proposal to expand satellite-to-phone spectrum and allow operators to use their own terrestrial licenses would give Starlink Mobile more flexibility to combine satellites with its ground network.Fireside Alpha
Business, Technology and Investing Interview Digest
Srini Gopalan: ... “We see it as a complementary product, very much in the nature of T-Satellite. But if you’re thinking of that in broader MVNO terms, I think it comes back to the philosophy with which we operate MVNOs, which is what is the incremental TAM that something opens out? And am I willing to get into a deal for the incremental TAM?” x.com
AlvaChallengesTreating satellite coverage as a complement and conditioning broader network access on incremental customers challenges the premise that satellites can replace much of the terrestrial network needed for equivalent cellular service.
Dow Jones
Real-Time Financial News Wire
Fully building out that network will require $300 to $500 billion and take a minimum of four years, Schulman said. It could take as long as eight years to accumulate all the required hardware and wireless spectrum. tradingview.com
AlvaChallengesVerizon CEO Schulman estimates SpaceX would need $300 billion to $500 billion and at least four years to build a competitive network, challenging the premise that satellite coverage substantially reduces terrestrial buildout costs.Fireside Alpha
Business, Technology and Investing Interview Digest
"It’s in very rural areas, and their service just can’t compete with a terrestrial network. In suburban and urban areas where like 98% of our revenues are, we’re somewhere between 100 to 1,000 times more efficient than they are. And when you think about wireless, it’s even more difficult with them to compete on a satellite basis." x.com
AlvaChallengesVerizon CEO Dan Schulman argues that terrestrial networks are 100 to 1,000 times more efficient in the populated markets generating most of Verizon's revenue, challenging the premise that satellites can deliver equivalent service with far fewer ground sites.
Elon Musk
CEO of Tesla, Founder & CEO of SpaceX
[Replying to @SawyerMerritt: "It's going to take a minimum of four to six years to fully build that out."] Will take 2 or 3 years x.com
AlvaSupportsMusk estimates the US carrier buildout will take two or three years, versus Verizon's four-to-six-year estimate, supporting a faster path to equivalent service.
Space Investor
Space-Sector Investor
AT&T, Verizon and T-Mobile met all three FCC commissioners' offices on Oct. 20 through their trade group CTIA, pushing back on the FCC's draft plan to open more carrier spectrum to satellite-to-phone service. They asked the FCC to drop the 2.5 GHz and 3.45 GHz bands, calling satellite use there technically infeasible for networks serving 300 million users. x.com
AlvaChallengesThe carriers' technical objection to satellite use of two proposed spectrum bands challenges Starlink Mobile's ability to provide equivalent service at national scale with fewer ground sites.Dow Jones
Real-Time Financial News Wire
It has amassed about 80 megahertz of spectrum. T-Mobile US has about 400 megahertz. ... The hardware alone would cost $20 billion. SpaceX would need to spend another $20 billion on more wireless spectrum. ... All told, additional spending on wireless communications could easily top $100 billion by 2031, he says. tradingview.com
AlvaChallengesRollins estimates that SpaceX needs substantially more spectrum and over $100 billion in additional wireless spending by 2031, challenging the premise of a much lighter buildout for equivalent cellular service.Dow Jones
Real-Time Financial News Wire
SpaceX is clearly a threat, but it will take Musk's rocket and AI company years and billions of dollars to fully develop its offering, according to Citi analyst Michael Rollins. SpaceX will need terrestrial infrastructure and maybe even a traditional wireless partner. tradingview.com
AlvaChallengesCiti's Michael Rollins expects SpaceX's mobile offering to take years and billions of dollars and to need terrestrial infrastructure, possibly including a wireless partner, weakening the case for a quick, low-infrastructure substitute for cellular service.Dow Jones
Real-Time Financial News Wire
SpaceX posted better than expected earnings and impressive guidance late Tuesday, lifting the stock 7.8% on Wednesday. Sales jumped by an astonishing 161% year over year, way ahead of analysts' expectations. tradingview.com
AlvaSupportsReported 161% year-over-year sales growth alongside better-than-expected earnings strengthens the case that SpaceX's recent profitability has a growing revenue base.Dow Jones
Real-Time Financial News Wire
It charges Anthropic $1.25 billion a month, the company said in a prospectus filed with regulators before it went public in June. tradingview.com
AlvaSupportsA company prospectus reportedly puts Anthropic's payments to SpaceX at $1.25 billion per month, making AI data-center rentals a material source of revenue.Bloomberg Intelligence
Bloomberg Financial Research Service
So SpaceX the night before said they could add up to 10 gigawatt capacity. Now that equates to almost 400 billion in CapEx for a company that doesn't even generate $2 [Scarlet Fu: "billion in free cash flow."] podtrac.com
AlvaChallengesSingh estimates that adding up to 10 GW of capacity would require roughly $400 billion in capital spending, far exceeding SpaceX's current free cash flow and putting pressure on the durability of its profitable AI expansion.
Bloomberg
Business and Financial Information and News Platform
SpaceX is working with Apollo Global Management, Nvidia and dozens of other firms on a new partnership program to deploy and improve its Grok AI systems, part of a bid to bolster business adoption of its artificial intelligence offerings x.com
AlvaSupportsThe reported partnership program with Apollo, Nvidia and other firms strengthens SpaceX's direct exposure to Grok deployment and potential business adoption.
TBPN
Technology's Daily Show
We're doing this because we wanna basically every year raise prices because the expected value of the compute will go up. Or, at some point, use that compute internally for Grok models. media.transistor.fm
AlvaSupportsThe plan to raise compute prices or deploy capacity internally for Grok supports the case that SpaceX's AI infrastructure could contribute to future earnings and product capability.Bloomberg Intelligence
Bloomberg Financial Research Service
Yeah, SpaceX really had a blowout quarter. It basically exceeded estimates in net income, net profit, revenue. podcasts.apple.com
AlvaSupportsReported net income beat estimates, making the quarter's GAAP result worth checking against the thesis's profitability claim.Dow Jones
Real-Time Financial News Wire
Traders worried about the performance of neoclouds like CoreWeave and Nebius can breathe a little easier after SpaceX's third-quarter results. [Truist analysts: "SpaceX's surging AI revenues are evidence of both "insatiable" compute demand and strong pricing power for compute providers"] tradingview.com
AlvaSupportsThe reported AI revenue growth and analysts' assessment of compute demand and pricing power strengthen the thesis's case that SpaceX offers frontier-AI exposure.Reuters
Global News Agency
The company earned $4.4 billion of net income, as opposed to a $1.1 billion loss a year ago. ... High returns, however, stem from chip shortages, which have lifted rental prices above where they were last year. Markets seem to expect this situation to wane: the price to rent out Nvidia GB300 silicon is about $10 an hour for the next several months, analysts at MoffettNathanson estimated, but only $4 further in the future. tradingview.com
AlvaMixedReported net income strengthens the profitability case, while the reliance of its fast-growing AI chip-rental business on elevated rental prices raises a question about how durable those earnings are.Dow Jones
Real-Time Financial News Wire
SpaceX even reported its first quarterly profit as a publicly traded company. It earned net income of $4.4 billion, about $3 billion more than Wall Street expected. tradingview.com
AlvaSupportsThe reported $4.4 billion quarterly net income strengthens the thesis's premise that SpaceX is profitable, though the report does not establish that the figure is GAAP net income.Reuters
Global News Agency
SpaceX also posted its first profit as a public company. tradingview.com
AlvaSupportsThe report supports the thesis's profitability premise by saying SpaceX posted its first profit as a public company, although it does not establish that the profit was GAAP net income.Dow Jones
Real-Time Financial News Wire
$80.7 billion That was Anthropic's net loss for the first half of this year, disclosed in a draft IPO prospectus viewed by the Journal. While the figure marks a steep jump from a $13 billion loss in the same period last year, the red ink largely stems from an accounting adjustment tied to financing agreements. tradingview.com
AlvaSupportsAnthropic's reported first-half net loss supports the GAAP profitability contrast with SpaceX, although the loss largely reflects an accounting adjustment tied to financing agreements.