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ASML has a market cap of c $350 billion. If they wanted to raise tens of billions on the public markets they could probably do it. Not VC territory at all. They

ASML has a market cap of c $350 billion. If they wanted to raise tens of billions on the public markets they could probably do it. Not VC territory at all. They're probably limited by the size of the market.

raffraffraff 5y ago
Pure market forces don't seem to be enough in a bunch of places.
- klelatti 5y ago
  That's probably true in general but ASML surely isn't a good example. Massive capital investment and extraordinary long term planning are the things that are sometimes considered to be difficult for the private sector.
  - narrator 5y ago
    Well SpaceX, but they mostly sell to the government though.
    - youngtaff 5y ago
      Do they sell to the government or are they funded by the government i.e. without those government commitments would they exist? Same for much of US (and elsewhere's) private aerospace industries etc.