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Huh, so they recently raised $850M just before end of February, at $74B valuation. Anyone have an educated guess on why they raised more so soon after that? May
by Cookingboy 5y ago
Huh, so they recently raised $850M just before end of February, at $74B valuation. Anyone have an educated guess on why they raised more so soon after that? Maybe some investors threw money at them at a much higher valuation?
- m12k 5y agoMaybe a financial analysis that tech growth companies like theirs will have their valuation punished when the economy recovers and the fed starts raising interest rates, so better raise enough capital for several years of growth now?
- randomsearch 5y agoEven simpler: money is crazily cheap, the bubble is near peak, raise whilst you can, insure yourself.
- m12k 5y agoSo... what I said?
- randomsearch 5y agoyou said > heir valuation punished when the economy recovers and the fed starts raising interest rates, I said, when the economy crashes not recovers
- unixhero 5y agoWhat is your suggestion for insurance? BTC?
- fshbbdssbbgdd 5y agoBTC is getting more correlated with other speculative assets.
- deleted 5y ago[deleted]
- randomsearch 5y agoI meant as a company, insure yourself by raising before the crash. A lot of companies did this before the .com and rode it out. As an individual... dunno I'm not a financial advisor. But BTC's future would seem closely tied to the tech bubble, so I certainly would not see that as a hedge in general. Usually in recessions people run into groceries and other essentials.
- walrus01 5y agoMusk has recently been quite public about how the starlink project is going to need to go through a deep trough of high expenses/not much customer revenue, before the network is fully online. I'm sitting here with a beta terminal that regularly does 310 Mbps down and 16-20 Mbps upstream, with 0.25% (1/4th of 1%) packet loss to seattle over a 3 hour period, so I'm fairly optimistic.
- neartheplain 5y agoHow's latency with the beta terminal?
- walrus01 5y agoabsolute lowest I've seen to a seattle IX point is 15.85ms, more often like 21-22ms. Over a whole day period it averages 27ms. That's for four one-way trips to or from space for a return trip ICMP ping, and includes some terrestrial latency from the earth station to downtown, and things like modem FEC and modulation/encoding on the Tx for each leg of the trip.
- warent 5y agothis is better than my fiber internet in los angeles
- 5y ago
- peripitea 5y agoNot sure if I'm understanding you right, but this is an amendment to that February filling. This isn't a brand new raise.