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I think starlink will maintain its first place advantage for years. It's just not that easy for anyone else to do that many rocket launches needed to meaningfully compete. China's equivalent will probably be the biggest competitor. But this does not justify anywhere close to a trillion valuation.

Eminence front; it’s a put-on

It's more of a highly polished turd placed in a delicate setting of hype and lies, but yes.

As long as it makes that ketamine-addled fascist goober a trillionaire it's all good

Its a rug pull quite obviously