Companies laundering their CEO's other failing companies is certainly a reason to sell.

$8.7B in losses over the last 5 quarters sounds bad, but that is also with $20.4B capital expenditure in the period and double digit percent increases per quarter in user metrics.

By traditional business metrics it looks toxic but compared to a typical tech unicorn it's not really outstanding.

Considering it's a tech unicorn with strategic and financial leverage like no other (their own global Internet infrastructure, access to arbitrary billions in capital, ability to build the biggest chip fab in the world), it's certainly fair to call it a gamble, but to call it failing is a stretch imo.

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cinntaile 2 hours ago | parent [-]

Did I miss something? When did Spacex get into the fab business?

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stevenjgarner 2 hours ago | parent [-]

The project was first teased by Musk in early 2026 and officially announced on March 21, 2026 during a special event at the defunct Seaholm Power Plant in Austin, Texas [1][2]

[1] https://en.wikipedia.org/wiki/Terafab

[2] https://terafab.ai/

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mindslight an hour ago | parent [-]

So part of the extended cinematic universe then.

(man, I wish I could get people to throw money at me for all of my outstanding projects that I buy some parts for and would be nice to do "some time")

	▲	hnbad 34 minutes ago \| parent [-]
		I'm sure they'll get around to building that electric VTOL Elon Musk has been "recently thinking about" for the past decade eventually, too.

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ballon_monkey 18 minutes ago | parent | prev [-]

What failing companies?