My First Million

Podbit · My First Million

The most simplified breakdown of the SpaceX IPO on the internet

Explore episode Jun 12, 2026

Where this was said

Data centers in space

At 14:35 · chapter starts 14:07

Shaan explains SpaceX's Direct to Cell technology — a product that eliminates the need for a satellite dish and routes internet directly to standard smartphones via partnerships with carriers like T-Mobile. For consumers, this means coverage in dead zones, on bridges, and in rural stretches that have always been blackspots. The business model is elegantly simple: either SpaceX launches its own carrier, or it charges a $3–10/month add-on fee to every telecom on Earth. Either way, it's the first product in the wireless market with a genuine differentiating proposition — 'our service works everywhere, theirs doesn't.' Shaan notes that the addressable market for mobile and home internet globally is around $2 trillion, and SpaceX is entering it with a structural cost advantage: no ground towers to build, no permits to fight for, just satellites already in orbit.

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