Are they still ‘in business’ though? They’re burning through money they don’t even have at a never before seen rate. Just to make barely useful software that works 20% of the time at best.
I feel like it’s the same as saying the banks and real estate companies were ‘still in business’ in 2008. Naturally, time will tell if it’s the same cycle repeating. So far everything seems to be pointing in that direction.
Many companies operate without making a profit, sometimes it’s because they aren’t making enough money and sometimes they invest it back into the business.
Regardless, SpaceX is about to go public with a valuation of $1.8 trillion, and they arent profitable.
Are they still ‘in business’ though? They’re burning through money they don’t even have at a never before seen rate. Just to make barely useful software that works 20% of the time at best.
I feel like it’s the same as saying the banks and real estate companies were ‘still in business’ in 2008. Naturally, time will tell if it’s the same cycle repeating. So far everything seems to be pointing in that direction.
Many companies operate without making a profit, sometimes it’s because they aren’t making enough money and sometimes they invest it back into the business.
Regardless, SpaceX is about to go public with a valuation of $1.8 trillion, and they arent profitable.