>Like, what's the bull case for Starlink? In a decade, you've got to assume that areas unserved by fibre won't really be a thing in the developed world.

Fiber is better once it's installed, but installing it is hard.

Rural areas in the United States have been promised fiber for a very long time and it's still nowhere close to universal. Some policymakers have decided that we should fix this with massive federal subsidies but the rollout botched so thoroughly that it became the anecdote of choice for Ezra Klein as he promoted his "Abundance" book.

I was just at my in-laws' in rural PA; unreliable Internet that runs at about 6Mbps down costs around USD$70 a month, and that was after my father-in-law haggled to get the bill down. I pitched him on Starlink, which is now cheaper than that.

It's a lot cheaper to put up a 5G tower than to run fiber. I'm not sure about Starlink's costs to launch but I know for sure they don't have to deal with the provincial fights that happen over trying to be the second service provider in a municipality.