• abrasiveteapot@sh.itjust.works
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    10 hours ago

    Unlikely, he’s been running it a loss for years now, propped up by his money, his billionaire mates’ money and some launch contracts in addition to Starlink.

    This is the reason he’s building in terms into the IPO that prevent him being ousted - public companies making losses are at risk of board shakeups, he’s making sure that isn’t possible before the float launches.

    He doesnt care if twitter or spaceX lose money, they’re valuable levers to get what he wants

    • BonsaiBoo@lemmy.world
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      10 hours ago

      He’s not been spending his money, he’s been spending vc and govt contract money. And the VC money is drying up, that’s why he’s opened it up to IPO.