[moloch-hai]

An axis not apparently explored is reality vs. fantasy.

Looking up press about Energy Vault, a fraudulent energy-storage company whose public shares peaked at $2.4B and trade now at $4-600M, it is very hard to find anything published that equates them properly with Theranos. "Analysts" consider them undervalued, and want them to be worth $1B even though they have no product anybody not insane would buy. Apparently "institutional investors" own a big chunk of their shares. (Curiously, everybody seems to agree they have no long-term value.) FWIW, it appears they still have $100M in cash. In principle, they could still buy out a company with a product that actually works.

Similarly for fusion startups. Only one of them (Helion) has any possibility of ever achieving anything practical, and their odds are not encouraging. (One company, Kyoto Fusioneering, builds fake demo equipment for fusion startups, and provides a conduit for abundant fusion venture money into its founders' and maybe investors' pockets.) None of the others can ever produce so much as one erg of commercial energy.

[Schroedingersat]

> FWIW, it appears they still have $100M in cash. In principle, they could still buy out a company with a product that actually works.

They seem to have used the scam money to pivot into deploying chemical batteries. So at least something semi-positive happened with some of the cash.