Post #3420056
2026-06-24 13:53 UTC
@gabrielesvelto@mas.to
The debt thing is not true for all mag7 or wannabe ai players tho
(Edit: to be clear, consensus seems to be that spacexai is a scam/rugpull, while openai and cohorts are junk, financially speaking. Antropic had one good massive earning, dubious how the next one will go. The mag7s are massively exposed to this but at least they are burning cash they actually earn and have)
Replies (2)
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@gabrielesvelto@mas.to 2026-06-24 13:56
@domi@c.im well there's the problem introduced by special purpose vehicles. Some of the mag7 are spinning up companies whose only purpose is to hold debt so it doesn't show up on their balance sheet. That makes it complicated to figure out just how much they are exposed.
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@claudius@darmstadt.social 2026-06-24 22:02
@domi@c.im @gabrielesvelto@mas.to Anthropic did some creative accounting. They got a freebie month from SpaceX while selling Prepaid Tokens that they will have to honour in future months. Here's some more detail about that: https://www.wheresyoured.at/anthropics-profitability-swindle/