Analyst Tim Farrar of TMF Associates says that Elon Musk’s Starlink system will dominate satellite broadband “for at least the next five years”. Farrar adds that Musk is also dominating the launch business with his Falcon 9 rockets. His comments follow on from SpaceX’s comments to investors that it expects its overall (rocket launches plus […]
A report from TMF Associates and CEO Tim Farrar is blunt, and rare amongst analysts in admitting he has now changed his mind about SpaceX’s prospects. Until 2020, TMF was sceptical about any of the many LEO broadband-by-satellite operations. TMF’s analysis was justified in that LeoSat failed in late 2019, OneWeb hit bankruptcy in March […]
Tim Farrar of TMF Associates says the recent “breathless” valuations for SpaceX (ranging from between $80 billion to $100 billion) are inconsistent. He says the quoted company valuations have near-tripled over the past year, and with SpaceX’s share price – albeit privately held – rising from about $200 per share to $560 over the same […]