It's not making money though, it's being propped up by fascist governments and VC's. It's laggy, more expensive internet that goes out w/ every solar flare, nobody I know even would think about using it for daily use and don't even lie to me and say you have a "friend" who loves it or that same old bs.
Like I said it's stolen customers from incumbents like Hughesnet and Viasat and expanded the market to customers who did not previously have satellite internet. They were able to do it because their low orbit service is significantly better than geostationary services.
They have made explicit from the beginning that they are not competing with wired internet service.
The launching is routine, the landing and being able to turn around the same booster again in a few weeks is a capability no one else has. Their ability to launch so often came in handy over the past few years when other providers faltered. They were able to, on short notice, take over launches from Ariane 6, Vulcan, and Antares because of development delays and Soyuz because of political problems. No other medium launch provider can fit a launch in on short notice, they need years of lead time for one, let alone multiple. For SpaceX they just bump a Starlink payload a few months from now and replace it with the new one.
> all for their not as good as fiber internet
Starlink is making money. Its not just stealing market share from the incumbents but its significantly expanded the market.