I am struggling to see the 92% figure as broad operating growth. About $1.9B of the $3.7B increase came from AI infrastructure, but that segment still lost $1.26B from operations and required $15.8B of capex during the quarter.
Consumer Starlink contributed only $764M of the increase, while most important ARPU dropped from $85 to $66.
I am struggling to see the 92% figure as broad operating growth. About $1.9B of the $3.7B increase came from AI infrastructure, but that segment still lost $1.26B from operations and required $15.8B of capex during the quarter.
Consumer Starlink contributed only $764M of the increase, while most important ARPU dropped from $85 to $66.