4 ms·
The banks don't like to dump multiple billions at once into these schemes. It's more about trickling hundreds of millions a year out to cover all possible livi
by monocasa 2y ago
The banks don't like to dump multiple billions at once into these schemes. It's more about trickling hundreds of millions a year out to cover all possible living expenses, and a lot of that going into assets like houses and ships that can get repoed if shit hits the fan.
He wanted $13B liquid to start Blue Origin, a pretty speculative venture that might end up with nothing. And wanted to still outright own Blue Origin unlike Musk's Twitter buy that was highly leveraged by the Saudis.