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There have been plenty of billionaires put a few hundred million into a product they know is a sham with the intent to make a profit. The saleable output of 'r
by Schroedingersat 4y ago
There have been plenty of billionaires put a few hundred million into a product they know is a sham with the intent to make a profit.
The saleable output of 'revolutionary' tech startups isn't the product, it's a story that sells shares.
That said, I think there's a reasonable chance Helion has realised this and is just playing the same pantomime with the intent of doing real engineering with the proceeds even though they know a product is unlikely. Sort of a reverse scam.