alt Hacker NewsYou seem to imply that with this deal their shares are worth 88B but without it they're worthless.
It's very hard to know how much the deal actually increases SpaceX market cap, but unless Google exits their SpaceX position soon it doesn't even make much sense as a circular deal.
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Retric • yesterday at 9:10 PM
Executive compensation is often based around share prices, so this can be worth quite a lot to the people making these decisions without any long term upside for the company.
If you want to understand how companies behave you really need to look at things from the perspective of people making the decisions.
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They're worthless to the S&P 500 which requires four quarters of profitability. SpaceX is running at a $5B loss. Google 'buys' $10B of compute every year...