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A comment on Twitter owner transition: Temporary ban on product updates after Elon Musk deal. Parent comment

Re:Twitter owner transition: Temporary ban on product update... by bryanlarsen on Tuesday April 26, 2022 @01:55PM (#31170795)
Source for the SpaceX profitability? They raised a lot of money last year, which wouldn't be necessary for a profitable company. Falcon is probably profitable, but it only grosses a couple billion a year. OTOH, Starlink and Starship are both $10B+ projects that aren't generating significant revenue yet.
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Re:Twitter owner transition: Temporary ban on product update... by nightski on Tuesday April 26, 2022 @02:02PM (#31170879)
I have no idea where you'd get the notion that profitable companies don't need to borrow money for large capital investments.
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Re:Twitter owner transition: Temporary ban on product update... by bryanlarsen on Tuesday April 26, 2022 @02:45PM (#31171472)
He didn't borrow money. They issued stock. Significantly, this reduced Elon's share below 50% which I doubt he would have done lightly.
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Re:Twitter owner transition: Temporary ban on product update... by HWR_14 on Tuesday April 26, 2022 @06:11PM (#31173797)
Did he retain 51% of voting rights? A lot of people (e.g. Brin, Zuckerberg) own way less than 50% of their companies but still maintain control.
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Re:Twitter owner transition: Temporary ban on product update... by 4khilles on Tuesday April 26, 2022 @02:16PM (#31171068)
Cash flow != profitability. You can be profitable but have negative cash flow. If you have negative cash flow, you need to borrow capital to keep growing.
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