alt Hacker NewsAfter bankruptcy they likely have no debt, so can out-compete those that didn't go through bankruptcy. It's the bankruptcy that makes them profitable -- it's a common pattern in nascent commodity industries.
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nemomarx • today at 8:13 PM
Bad news for wall Street though if they have to go bankrupt first?
I mean the physical hardware will be fine but the owners and investors should be worried then right
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Guess this is the logic for SPCX bond trading at junk valuations?