SpaceX's Starlink dominates satellite internet as a near-monopoly, but the real opportunity lies in untapped trillion-dollar markets like orbital data centers and space defense. Two decades of vertical integration and experimental learning have built moats competitors can't easily replicate.
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bread and butter of SpaceX, which is Starlink, which is that kind of global internet service satellite provided, pretty much a monopoly when it comes to that kind of thing. Again, there is a lot of space in space, right, that is not yet claimed. There's lots of territory that is not yet claimed, whether it is, and I was just reading about, whether it is orbital data centres, basically floating data centres up in space, whether it is defence, which obviously is probably the word of the day as we look at the news headlines at the moment. You there are so many different trillion-dollar markets up there in space that no one has claimed. That's super interesting. And when you combine that with the moats, the strategic moats, the operational moats that SpaceX has, you know, they are vertically integrated, they do things better, cheaper. They've had 20 years of fate of experimentation. We're putting their money on the line, let's say, in order to create knowledge and institutional memory that is gonna be very, very hard to compete with.