Keep in mind that you don't really need to compete with fiber if you believe there are enough unserved people. I think his comments were misleading since they probably won't target that market. Another problem with Leo is that the rate of consumption is going up extremely fast on the internet. By the time this launches the total capacity of their system may sound like a lot, but it's spread over all the satellites uniformly. So what do you have to do if you want to double your capacity? You need to launch another 4400. They're essentially going to play a game where they need to keep up launches fairly quickly to go with the rate of internet consumption. I also believe the ground cost will be interesting, especially the user terminal. Typically phased array is so expensive that they'll need to sell it at a loss.