As of October 2024 Microsoft has a market cap of $3.109 Trillion. (Source). So uh, fuck that.
Yeah. My instant thought was “get the loan from Microsoft”
Market cap doesn’t say how much cash they have available. For that, look at cash on hand which publicaly traded companies need to report
MS has about 75B cash on hand, so they could afford this themselves. They will probably argue that it will bring jobs and expertise to the state.
Also, it’s a loan, so the interest will generate funding for the state as well.nevermind, not a loan from the state, so no interest would go to the state.You’re right that it doesn’t mean cash on hand, but it does indicate they could liquidate some of that or borrow against it themselves.
Yeah Microsoft should take the risk here, not American citizens.
Bingo. They should invest in their own company, they have the money. There’s no reason for taxpayers to play any part in this.
Why when they can get stupid peasants to pay for it?
There’s the actual reason.
Maybe Micro$oft should pull themselves up by their bootstraps and cut back on the avocado toast…Cunts.
No, see that is explicitly not what I agreed with before.
Microsoft buys the plant and Microsoft pays start and maintenance cost.
If it will privately benefit Microsoft they can privately fund it.
It’s a taxpayer loan, so they pay it back, right?
[Smiling Anakin]
Any notion that taxpayers are taking on risk here is fanciful given that any loan will be backstopped by Constellation’s entire $80-billion-plus value.
Not to worry taxpayers, despite us paying out dividends to equity holders, our $70 billion plus value means this loan is still safe and sound!
Don’t worry taxpayers about us spinning off 90% of our assets to Galaxy Brain Energy, a totally independent and different energy company that we didn’t just pull out of our ass. The loan is still backed by our $7 billion plus value, trust!
