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Coach
Still way too much air. Would recommend waiting for the market to correct a little harder
Spot on. SpaceX owns Starlink outright, and it’s essentially the engine driving that $1.5T valuation target. At a 40% secondary discount, you’re basically getting the launch monopoly for free and paying a reasonable multiple on the ISP revenue. That’s exactly why private credit and institutional 'dry powder' have been quietly absorbing these blocks lately.