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Is it right that they raise $3.5B, projected to burn $3.0B this year with ~$1.2B in revenue _expected_ this year? So either prices are going to rocket up at so

Is it right that they raise $3.5B, projected to burn $3.0B this year with ~$1.2B in revenue _expected_ this year? So either prices are going to rocket up at some point and/or massive efficiencies? That doesn’t seem like a good position. I like their models, but not sure how they’ll survive long term.

fvv 2y ago
or usecase/adoption increase ? also : capex!=operating costs
- orwin 2y ago
  > capex!=operating costs True, but when your only moat is capabilities, and those degrade with time and use, it might as well be.
- stvltvs 2y ago
  Brain tried to parse your comment as a trinary operator.
panarky 2y ago
When a large number of super smart people with a strong track record of accomplishment do things that don't make sense to me, my first thought isn't that they obviously don't know what they're doing, my first thought is that there might be something I don't understand.
- rasz 2y ago
  Like Meta investing in virtual and augmented reality projects over $100 billion? Lie Google investing half a $ billion in Magic Leap? Like all the crypto?