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SpaceX’s $350 Billion Warning Shot: Buy In, But Know We’re About to Blow Up the Satellite Industry
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SpaceX’s $350 Billion Warning Shot: Buy In, But Know We’re About to Blow Up the Satellite Industry
SpaceX is telling prospective investors something unusual ahead of what could be the largest initial public offering in history: We are coming for the incumbents, and the wreckage will be spectacular. In a remarkable disclosure embedded in its pre-IPO materials, the company founded by Elon Musk has explicitly warned that its Starlink satellite internet service is designed to disrupt the very telecommunications and satellite companies whose inves…
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