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They are likely including xAI and the massive training costs that entails in order to make it sound like all their ventures are losing money.
by barbacoa 6mo ago
They are likely including xAI and the massive training costs that entails in order to make it sound like all their ventures are losing money.
- whaleofatw2022 6mo agoIn fact lumping xAI in that to cause a loss likely provides some tax benefits vs putting it with Twitter/X itself
- rsynnott 6mo agoI mean, either a company is profitable or it is not. You don't get to say "if you ignore the massive pile of burning money in our parking lot, we are profitable". Or, well, I suppose you can _say_ that (see WeWork), but you can't expect analysts to be too impressed with it. The S-1 will be interesting; I wonder if they'll try going with a bulllshit metric like WeWork did ("Community Adjusted EBITDA", which was, seemingly, pretty much "profit, if you exclude basically all costs").
- Zigurd 6mo agoCockroaches everywhere: starlink revenue won't be enough to fund constellation sustainment. Refurbishment costs for Falcon 9 make the reusability economics dubious. And xAI is just a disaster. So is Twitter.