Meir wasn't too concerned about competition when I spoke with him. He figures there's plenty of room in the market and that competition means that the market is worth chasing. Wasn't the plan to get 1% of the potential customers to make $600 million to 1 billion/year?
If SpaceX is competition (and based on what we know, they are not), would that necessarily be a bad thing?
SpaceX Starlink Constellation, page-16
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