4 ms·
I'd love to know their finances in greater depth. They can't have burned through $700 million, can they? If they haven't, how are they storing this money? Is it
by GenerWork 2y ago
I'd love to know their finances in greater depth. They can't have burned through $700 million, can they? If they haven't, how are they storing this money? Is it just in a savings account? Bonds? Stocks?
- paulryanrogers 2y agoCEO yachts don't pay for themselves!
- GenerWork 2y agoDoes Chris Roberts actually have a yacht/an expensive boat?
- AlexandrB 2y agoNot sure, but there's a popular meme image of him on an expensive boat: https://old.reddit.com/r/starcitizen_refunds/comments/ehw96j/star_citizen_mods_deleted_my_thread_which_was/ https://old.reddit.com/r/starcitizen_refunds/comments/ehw96j...
- wongarsu 2y agoBy the latest count they have ~1300 employees. That's a lot of salaries. They recently released financials up to 2022. Back then they had 860 employees, spent $130 million in a year and earned about the same from pledges, subscriptions, etc. It looks like they have some cash on hand but mostly always just spent what they received rather than building large reserves. Which implies they have indeed now burned though just shy of $700 million in 12 years. https://cloudimperiumgames.com/blog/corporate/cloud-imperium-financials-for-2022 https://cloudimperiumgames.com/blog/corporate/cloud-imperium...
- ethbr1 2y agoBefore they realized Chris Roberts shouldn't be allowed anywhere near project management authority, there was a lot of rework. Which means a lot of torched developer-hours.