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> Alphabet has made a windfall from backing SpaceX. Musk’s company was worth $12 billion at the time of Google’s 2015 investment How come its not a circular de
by sandeepkd 4mo ago
> Alphabet has made a windfall from backing SpaceX. Musk’s company was worth $12 billion at the time of Google’s 2015 investment
How come its not a circular deal where google is investing little bit more money to make a whole lot more money
- jjtheblunt 4mo agothat's not circular though
- Robotbeat 4mo agoIt’s only circular if it violates my narrative, of course.
- fancyfredbot 4mo agoIt's circular when money flows from A to B and then back from B to A again. This is a series of transactions in which money flows from Google to SpaceX. There is no flow of money from SpaceX to Google. So it's not a circle.
- JumpCrisscross 4mo agoMore to the point, allegations of circular financing are about following cash. When NVIDIA invests in a company so they can buy NVIDIA chips, that raises a unique set of questions distinct from other types of conflict of interest. Affiliated parties doing business, as is the case between Google and SpaceX, has its own host of conflict-of-interest concerns. But they're distinct from those that arise in circular transactions.