Tim Farrar quantifies usable capacity per current V2mini satellite versus V1 and argues Starlink works because satellite, launch, and terminal costs dropped dramatically with scale.
The current V2mini sats have usable capacity for ~2000 customers globally (with a BH provisioning rate of ~2.5Mbps) & the V1 sats had ~1/4 of that capacity.
Starlink's business model worked out because costs (of satellites, launch & terminals) fell dramatically with scale
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