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> My best guess, it makes it harder to get loans in the future. Which is pretty important! It's my understanding that from all that money they raised during th
by Octoth0rpe 2mo ago
> My best guess, it makes it harder to get loans in the future.
Which is pretty important! It's my understanding that from all that money they raised during their IPO, a good amount of it went right back out the door again to pay off misc loans for the twitter acquisition. They may only have bought themselves 6 more months of time given their purported burn rate (mostly driven by AI investment), so they're going to need more loans really soon, or another major stock offering.
- soleveloper 2mo ago> They may only have bought themselves 6 more months of time given their purported burn rate If they had only ~6 more months they (+auditor) had to issue a warning. The 6 is not a hard number, AFAIK, but surely a point where it must be reported. So honestly, I doubt it's the case.
- estearum 2mo agoAt least as written, GP says bought them six more months of time. Not implying they had 0 months to begin with.
- Octoth0rpe 2mo agoThat was indeed my intent. Pre-IPO, SpaceX already had _some_ cash in hand, and was burning >4b per quarter IIRC; so presumably _some_ runway. That said, they also got the anthropic/openai monthly payments coming in soon (already started maybe?). The next earnings release will be the interesting one IMO.
- SadErn 2mo ago[dead]
- sgt101 2mo agoYou will note that with the unlocks coming there is going to be a lot more spaceX stock on the market quite soon.. Currently 4.9% of the company is on the market. Mid Aug... 15%... 40% by December. Elon unlocks next June. Could be quite academic by then.