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The data published in their S1 says they took a $693M operational loss in the first half of this year.
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That is from the increase in the share price, because they owe that in shares and the share price is higher now. On the other side is the IPO, it balances the books but it doesn't count as an asset today, whereas the promised shares count as a debt today.

They are cash flow positive, $3.4 billion in H1.

That means they're making money.




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