alt Hacker NewsI'd really expect that he is actually at a loss on all of those except for SpaceX which has a clear path towards being cash flow positive if it isn't already
I'd really expect that he is actually at a loss on all of those except for SpaceX which has a clear path towards being cash flow positive if it isn't already
You don't have to make money to be worth an astronomical amount. HN should know this better than anywhere.
I hate "fictitious" valuations as much as the next guy, but at the end of the day it's what people are willing to pay for equity that determines value, not what it's books look like.