What's circular?

Google rents from SpaceX enough to show profitability, so that SpaceX can IPO and make googles early shares worth more than enough to pay for the renting they're doing.

Great deal for Google but they end up basically just paying spacex to pay them back, right?

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irishcoffee 4 hours ago | parent [-]

I believe you've described "investing with a hope for a profitable return" which is usually the point of investing.

Circular investing is a thing that is happening with all of these companies related to language models. Google hoping for a ROI isn't a great example of that.

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olyjohn 4 hours ago | parent | next [-]

Since when is leasing capacity in a datacenter considered investing?

	▲	irishcoffee 4 hours ago \| parent [-]
		Why does one lease something? To provide value equal or better to the cost, no?

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nemomarx 4 hours ago | parent | prev [-]

Buying the 5 percent stake is investing, but is paying them to be sure they can IPO normal? It reminds me more of Microsoft paying apple or Google paying Firefox or something.