Wikipedia splits induced demand into "latent demand" and "generated demand". I think Elon has no trouble with the idea of latent demand and that by lowering the costs of space travel more will do it. The issue is generated demand, it is a bit irrational to think that a person with no desire for space travel in the first place will say "oh look, space travel is cheap, let's make a satellite". The general story is startups find market fit or they die. You have to find the customers, it is not like you make a product and everyone changes their desires to conform.
> it is a bit irrational to think that a person with no desire for space travel in the first place will say "oh look, space travel is cheap, let's make a satellite".
They won't make a satellite but they will demand things which middlemen can solve with a satellite.
> You have to find the customers, it is not like you make a product and everyone changes their desires to conform.
Once smartphones were invented, people found within themselves the desire for a smartphone.
