Yeah, the big problem is that by definition most people live in the places where most people live. Urbanisation is over 80% in Europe and the US (and European countries hold a much looser definition of “urban” than the US).
To increase service to most people, you need to upgrade the entire world, which is expensive.
I’m not 100% sure they are not profitable.
I am. They’re reporting a profit right now because theyre calling the cost of new satellites as “investment” and not expenses. In a few years, when every satellite launched is a replacement, those “investments” become running costs, and there goes the profit.
Yeah, the big problem is that by definition most people live in the places where most people live. Urbanisation is over 80% in Europe and the US (and European countries hold a much looser definition of “urban” than the US).
To increase service to most people, you need to upgrade the entire world, which is expensive.
I am. They’re reporting a profit right now because theyre calling the cost of new satellites as “investment” and not expenses. In a few years, when every satellite launched is a replacement, those “investments” become running costs, and there goes the profit.