I think its dead. I don't think it will be around in 12 months - the value of it, is already way below what he paid. Not sure how he paid for it, but i can see the cascade of that devalue happening soon.
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From the reading I’ve done, Musk and other private individuals put in $11b, and seven banks put up the other $33b. I’m sure they’re all feeling rather jumpy right now, as its value plunges, on fire, towards the ground.
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