He will own around 80% of the shares, so he'll have plenty to sell off to enrich himself or use to borrow against down to 50.01% and he maintains control. So he gets a huge influx of cash from the ipo to use and he gains a wider calculation of wealth headed towards being the first trillionaire. This will absolutely put him over the edge into that status.
BonsaiBoo
joined 2 days ago
I just keep getting the cracked versions
It's what power plants crave
He's not been spending his money, he's been spending vc and govt contract money. And the VC money is drying up, that's why he's opened it up to IPO.
Well at least the government and big tech companies have a perfect record of keeping sensitive private data safe! /S
China has released their first gen competition to Nvidia cards. First ones kinda suck, but they're cheap. Let them pump out a few more and they'll drive the market back down.