> All research is unprofitable, by definition.
The game to compensate for that is to be to convince gullible investors that your commercially viable fusion plant, or quantum computer, or unrealistic space ambitions are just 5 years away! Invest now or miss out!
The line between research and scamming in an ultracapitalist economy becomes very blurry.
It's not dissimilar to oil & gas (energy) and mineral resources ... the outgoings on exploration are a cash bloodletting that often has no return.
The "win" is occasionally getting a steadily profitable field or lode for multiple decades after the costs of proving and the fun of raising forward capital loans for extraction and processing plant capital.