>I wasn't aware FH had failed,

FH has flown about once a year, a rocket more capable than F9. The market just doesn't exists.. A product left on the shelves is a failed product.

Starship is even more powerful, the only actual client is Artemis, and that will fly once every few years (if we are Lucky). And on top of that SpaceX is not making money out of HLS, part of the reason why they got the contract was because SpaceX is putting like half of the money.

>Starlink is a bit of a left field idea but from the sounds of it was designed as a way to provide cash flow long term to develop Starship. Satellite internet already exists, is a mature market.. even if SpaceX completely dominated the market, there's not enough money there to fund starship development. That's why SpaceX keeps running rounds of investment.

SpaceX is a start-up, a 20 year old start-up that doesn't make money.