Which is unlikely considering their obligations. I'm a bit more optimistic about SpaceX (and anthropic to a lower degree), but if free models keep improving at the same rate as frontier models, their won't be any profit from AI.

> These three companies can do great while their valuations go nowhere.

How? They're building out on debt. The investors need to offload at a profit otherwise the company can't sell more shares to acquire the cash needed (share price too low).

Sure, it's possible that a recent IPO does poorly but the company soldiers on regardless, but it's not likely.