I think this commentary was pithier in your head... https://hackernoon.com/how-o...

Dylan16807 · on July 11, 2023

A "capped" profit of 100x is absolutely ridiculous. That is not even the slightest attempt to stay in the same ballpark as nonprofit.

Blaming any loss of Elon money for that is spin.

And he still gave them a hundred million.

BoorishBears · on July 11, 2023

Not sure what you're on about, both my comment and the article are about how they went for-profit.

They went for-profit because they needed to raise.

They raised after Elon reneged a fraction of the way into his promise of $1B. (and not 100MM deep: he silently revised his figures after TC started digging.)

It's not complicated but you seem to want to make it complicated.

Dylan16807 · on July 11, 2023

They didn't need to go that far, and they gaslit people about it. Elon is not responsible for either of those.

And was their existing money pile actually not enough?