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by lelanthran 7 days ago
> These three companies can do great while their valuations go nowhere.

How? They're building out on debt. The investors need to offload at a profit otherwise the company can't sell more shares to acquire the cash needed (share price too low).

Sure, it's possible that a recent IPO does poorly but the company soldiers on regardless, but it's not likely.

1 comments

> They're building out on debt

SpaceX sort of is. OpenAI almost certainly is. Anthropic doesn't appear to be.