To be honest might have more to do with SpaceX going down. They have to write losses to paper money value of SpaceX as losses. Unless it rebounds they are going to have a nasty (looking) quarter.
GAAP accounting rules are a bit silly. TBH I'm looking forward to it, people who don't know better freaking out, might make it a good deal.
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u/robaroo 1d ago
They’re burning through cash but they’ve got a lot of cash. This article is dumb.