Hugh Lam

So when you think about their gross margins, like Planet Labs' gross margins are between 55% to 60%.

So they're pretty high revenues.

margins, they're quite rich.

Again, that's a really good example of a profitable company.

Look, another example I might point to beyond just services is, again, coming back to SpaceX.

So with Starlink, that's a satellite business, they have over 75,000 maritime vessels contracted already.

And each of those vessels pay $250 per month for 50 gigabytes of data.

That's over $200 million in revenue just from the ships alone.

And of course, Starlink provides services to countries such as Ukraine.

We saw Ukraine become a massive buyer of LEO satellites from SpaceX.

But also domestically, we think about Telstra.

Telstra is using SpaceX's Starlink services as well.

And also the New South Wales rural fire services too.

So those are a few examples of, I guess, customers.

And they don't just have to be companies.

They are also essential services.

They are countries that really need that data for critical missions effectively.

Yeah.

Yeah.

If I might just add, you know, another key example of, I guess, everyday borrowing use cases is internet on a plane.