Actually, I think the problem here is that he's reducing it to a cost-benefit analysis that applies to a single corporation alone. Corporations are notoriously short-sighted and generally unable to plan for or see into the future more than 1-3 financial quarters.
Facilitating investment in long-term things that benefit the country or humanity as a whole is literally one of the reasons we have governments. Putting men on the moon didn't make any profit, but a whole slew of discoveries and inventions that happened before that could happen definitely made improvements to everyone's lot.
How does this satellite benefit humanity as a whole? Why should US taxpayers fund it in its entirety if other people are reaping the benefit?
Do you seriously believe the US government, given its profligate spending over the past three decades, is somehow less short sighted than its corporations, who at least try to maintain their long term financial solvency?
Putting men on the moon provided the know-how to put a nuke on an ICBM and send it straight to the doorstep of the Kremlin. The other benefits and discoveries were purely coincidental.
But at least those benefits were real and valuable. What benefits has this satellite provided that are anywhere close to what we got out of the space program?
Facilitating investment in long-term things that benefit the country or humanity as a whole is literally one of the reasons we have governments. Putting men on the moon didn't make any profit, but a whole slew of discoveries and inventions that happened before that could happen definitely made improvements to everyone's lot.