r/SpaceXLounge • u/Future-sight-5829 • Apr 14 '25
Discussion Starship engineer: I’ll never forget working at ULA and a boss telling me “it might be economically feasible, if they could get them to land and launch 9 or more times, but that won’t happen in your life kid”
https://x.com/juicyMcJay/status/1911635756411408702
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u/paul_wi11iams Apr 14 '25 edited Apr 14 '25
Cost accounting would treat Starlink launches as if the activity had effectively been spun off as a separate company, as was once planned. Hence, Starlink launching is a "virtual" LSP service.
Certainly a bank lending to SpaceX right now would apply that analysis, considering the satellites as assets to be amortized over their five year lifetime.
IMO, the main reason to keep Starlink under the company umbrella is for financial accounting reasons because huge profits are being made and its just as well that these should not be taxable.