• Botzo@lemmy.world
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    2 days ago

    $500 million in run-rate revenue

    Absolutely astounding that they can raise $13B on a sixth round of funding on that.

    For the less finance jargon savvy, “run-rate revenue” just means projected annual revenue.

    All this means they spent 3 years of revenue to make this go away.

    Absolutely not a profitable business lol.

          • Botzo@lemmy.world
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            20 minutes ago

            5B run rate explains the wild 183B valuation better. The calculus is usually a solid return after 3 years and double or better by 5, so they’re being on something like a 500B valuation by 2030.

            And they very likely won’t be profitable in the real sense even then.