We've got an insane bubble right now. Quantum computing stocks are valued at $50b market cap with 0 revenue and no substantial finished products. Just research.
Remember when "unicorn" companies were a big deal. Billion was significant amount of valuation and money. Lately it really feels like billion is pretty much nothing anymore. There has been inflation, but not that much to really make billion to be small sum.
The high end seems to be wildly out of control. We have $trillion+ companies now, and we are likely to see the world's first individual USD trillionaire within the next 12 months.
Hey now, you can't say they don't have any product. We got a machine which can factor number 15 now. (with a preparation time for this calculation of only a few month) Isn't that amazing? We will be breaking RSA2048 any day now. Let's invest a few hundred billions into changing encryption everywhere! /s