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…
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
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
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.
Increased by 3.9X.
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.
I’m stuck with star link as of present. I would defiantly like for a competent and competent competitor in the market. Competition is the core of capitalism and the driving force behind development.
But also, we cannot have so many god-damn satellites polluting the night sky. Starlink should never have been allowed to get up there as a private actor in the first place.
It’s a tricky situation, as international cooperation would be extremely difficult to maintain, especially during situations like the Ukraine war. But having private companies compete to fill the orbit with space waste as soon as possible is hardly a good solution either.
The states has been moving towards authoritarian corporate control for a long time though. The freedom cities controlled by big tech, setup in whatever country they want, operating outside ‘local’ regulations, with services via satellite and protection via US military, very much fits with what Starlink has done. Techs push for ‘rare earth’ (uranium) is likely about powering these sorts of cities, without needing to rely on a ‘countries’ power grid – to make them autonomous and impervious to local issues.
A few big military powers to allow for the “constant enemy” setup similar to 1984, with a corporate backend to prop up oligarchs that can act based on the whims of the oligarch without fear of repudiation.
Authoritarianism is on a big upswing lately, and egalitarian ideals are busy eating themselves alive – mired in demographic politics. And the conspiracy gremlin in me says it’s been intentional on the part of the democrats/progressive sorts, as they’re just as beholden to ‘rich’ authoritarian leaning tech people as the right wing/republican sorts.
There’s so much more room out there than there is here on this finite planet.
There are a number of concerns, from hindering science by blocking pictures taken by Hubble to flat out malfunctioning and crashing into the ISS. For every new satellite the risk increases. https://www.sciencenews.org/article/satellites-spacex-problem-space-pollution
So? The ISS is due to be decommissioned soon and the HST has been failing from orbit for a while now.
Telescopes on the far side of the moon would see far far more than any telescope in earth orbit and especially any on the ground.
https://en.wikipedia.org/wiki/Lunar_Crater_Radio_Telescope
Things in space don’t veer wildly out of control when they fail. They stay pretty much in their existing orbit.
It’s not like these satellites have big thrusters or engines just propelling them constantly around the planet. They’re in a state of free fall. They’re just also moving sideways fast enough that the earth also falls away from them at around the same speed that they are falling towards it.
Lower orbits have far more atmospheric drag, and any debris in those orbits will simply slow down enough to stop missing the planet.
So we will have a bunch of trash circulating the earth, left there by opporunistic billionaires. No thank you. What they have done to the night sky alone is a crime against all of us as far as I’m concerned.
And to think that lower orbit is not interesting any more now that NASA wants to build a telescope on the moon is beyond me.
Guess it’s ok when governments leave debris by shooting at satellites, but not when businesses do?
Weird.
As the headlins in the article I linked earlier kindly informs us, half of all active satellites are now from SpaceX. And it’s increasing fast. If other companies enter the scene and start competing, the earth will be orbited by a shitload of useful satelites launched into space by billionaires with a penis complex.
Governments are supposed to provide services for their population. Some of these needs might justify launching satellites. It is not unproblematic, and I would rather see it being governed by an international organization, but at least it’s being done on behalf of people.
Companies launch them to make a profit for the fat wallets of their stakeholders and CEOs.
They are not the same. Pretending they are is, as you so nicely put it, weird.
Competition is the core of capitalism and the driving force behind >development.
But when, tho?
Competition is the core of capitalism
Lemmy tells me that exploitation is the core of capitalism. Not so?
Lemmy seem to misunderstand that exploitation is a byproduct of human nature and change the system isn’t going to help that (see: USSR). The purpose of government is supposed to be to keep the capitalist system in check in regards to preventing such exploitation. The average Lemmy tankie seems to want to monopolise exploitation to the government itself and remove your freedom to leave to a less exploitative arrangement.
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’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 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 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.
Good. Fuck Starlink.
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.
To be fair two cans and a piece of string kicks the UKs arse when it comes to telecommunications.
Yup. Thanks Thatcher.
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.
So much space junk….
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
See you just need to have inside information. There’s absolutely no way these rich assfucks aren’t trading on insider info.
Even if I would see them I probably wouldn’t have enough money to benefit of of them
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.
here’s why
What could it be?
