A European Starlink rival's shares skyrocketed 390% in a week — here's why
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NGL, I've always hated starlink's proposal. They last so little time and polute the sky making astronomy harder and raising risks of collision. It's LEO littering for a product that could be substituted with existing infrastructure tech at a fraction of the cost.
The current amount is only about a third of the total planned amount.
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Speculation of them getting the Ukraine contract according to the article
even if they don't get it, space 5G is a big win either way. can't do much wrong buying the super cheap stock. (i already sold half of what i bought tho. 100% profit was too good to hold on to all
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Normally I associate such price swings with wild speculation and am genuinely surprised with this considering the generally more prevalent conservatism in European financial markets, but perhaps it's true that the (time of reading) 550% jump in value is all accurate pricing in of future contracts at this point.
I'm definitely excited to see.
it was like 1.20€ per share, so investors don't really had much to lose. that plays a big part IMO. if you're only losing a few bucks worst case, the risk isn't a problem.
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Elon's own goals started with a botched penis surgery and went downhill from there.
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I wish I was smart enough to invest in them before the rise.
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Speculation of them getting the Ukraine contract according to the article
It's more that Starlink is proven not secure and not to be trusted by any country.
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it was like 1.20€ per share, so investors don't really had much to lose. that plays a big part IMO. if you're only losing a few bucks worst case, the risk isn't a problem.
While price does negatively (with few outliers) correlate with volatility in the stock market, this seems like more than that. 22M volume on the 5th is more than the stock has seen... ever, as far as I can see, with an overwhelming majority being held by insiders or institutions. The bet appears to be larger than a few bucks, from people who I presume expect big things.
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The current amount is only about a third of the total planned amount.
And that's just one of the constellations…
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They only need to cover the band that orbits over Ukraine for now tho, not the entire world right
That's still a lot since those satellites aren't geostationary. To guarantee a stable, permanent connection in all of Ukraine and the adjacent Sea I'd assume you might need up to 3 of those bands of satellites.
Now, fortunately, Ukraine doesn't necessarily require a lot of bandwidth. It just has to be a reliable few mbps that can be easily set up everywhere. -
Awesome news. I wish them the absolute best because nobody should have to rely on a fascist-owned network.
Certainly not an entire country's army actively defending against a hostile foreign invasion.
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And that's just one of the constellations…
It will be the largest number though. They're the only ones that are bothering to do such a low orbit, because that gives you lower latency but means you have to have a lot more in orbit for the same coverage and they don't last as long before the orbit decays. They can do that because the launches are basically free
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Elon's own goals started with a botched penis surgery and went downhill from there.
as of this writing, Musk had never discussed getting a penile implant on X. Likewise, a Google search and Google News search returned no credible reports about the rumor (archived).
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That's still a lot since those satellites aren't geostationary. To guarantee a stable, permanent connection in all of Ukraine and the adjacent Sea I'd assume you might need up to 3 of those bands of satellites.
Now, fortunately, Ukraine doesn't necessarily require a lot of bandwidth. It just has to be a reliable few mbps that can be easily set up everywhere.And they need the low latency apparently, since geostationary already existed long before starlink but they arent using it
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