alt Hacker News> SpaceX said in the filing that if it fails to “deliver access to the committed amount of GPUs by September 30, 2026,” Google can immediately end the agreement, or accept the number of GPUs provided at a reduced fee after a one-month grace period.
> After this year, the agreement can be terminated by either party provided they give 90 days’ notice.
Circular financing at its peak for the IPO. There has to be some regulatory body to not allow such shady things
Replies
darth_avocado • last Friday at 8:46 PM
> Circular financing
Keep in mind, Google has a 6% stake in SpaceX, so this is more like exchanging millions to gain billions.
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Havoc • last Friday at 11:29 PM
Closer to just vanilla juicing numbers than circular
HDThoreaun • last Friday at 8:47 PM
There is nothing shady or circular in the text you quoted
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> Circular financing
Circular financing would require SpaceX to buy a similar quantity of stuff from Google. (Or invest in Google.) We have no evidence of that. Instead this looks like Google taking advantage of SpaceX’s desire to print revenue today versus a month from now.
(If the agreement is terminated with no exchange of goods, it might be market manipulation. But still not circular financing.)