It's not making money though, it's being propped up by fascist governments and VC's. It's laggy, more expensive internet that goes out w/ every solar flare, nobody I know even would think about using it for daily use and don't even lie to me and say you have a "friend" who loves it or that same old bs.
Like I said it's stolen customers from incumbents like Hughesnet and Viasat and expanded the market to customers who did not previously have satellite internet. They were able to do it because their low orbit service is significantly better than geostationary services.
They have made explicit from the beginning that they are not competing with wired internet service.
