> They're likely over $80b ARR by now. They'll be at $800b ARR next year at the same rate.

And they will be 800 trilion ARR in a couple of years, following that same rate! 8 quadrillion by 2029!

> When you are growing so fast, you don't need to make a net profit. You just need to make sure your unit economics are good - which it seems like they are given reports that their gross margins are at 60-70%.

If their margins were anywhere near this good, they wouldn't need to raise so much money so often.

If you create a machine that turns 1 dollar into 3 dollars, you don't dillute your ownership of the machine, you use your fabulous profits to expand your machine's capabilities.