Hacker News new | ask | show | jobs
by Octoth0rpe 13 days ago
> My best guess, it makes it harder to get loans in the future.

Which is pretty important! It's my understanding that from all that money they raised during their IPO, a good amount of it went right back out the door again to pay off misc loans for the twitter acquisition. They may only have bought themselves 6 more months of time given their purported burn rate (mostly driven by AI investment), so they're going to need more loans really soon, or another major stock offering.
2 comments
soleveloper 13 days ago
> They may only have bought themselves 6 more months of time given their purported burn rate

If they had only ~6 more months they (+auditor) had to issue a warning. The 6 is not a hard number, AFAIK, but surely a point where it must be reported.

So honestly, I doubt it's the case.

link
estearum 13 days ago
At least as written, GP says bought them six more months of time. Not implying they had 0 months to begin with.
link
Octoth0rpe 13 days ago
That was indeed my intent. Pre-IPO, SpaceX already had _some_ cash in hand, and was burning >4b per quarter IIRC; so presumably _some_ runway. That said, they also got the anthropic/openai monthly payments coming in soon (already started maybe?). The next earnings release will be the interesting one IMO.
link
sgt101 13 days ago
You will note that with the unlocks coming there is going to be a lot more spaceX stock on the market quite soon..

Currently 4.9% of the company is on the market.

Mid Aug... 15%...

40% by December.

Elon unlocks next June. Could be quite academic by then.

link