Three Mile Island owner seeks $1.6 billion federal loan to restart nuclear plant for Microsoft AI facility
Three Mile Island owner seeks $1.6 billion federal loan to restart nuclear plant for Microsoft AI facility
Constellation Energy hopes to restart a reactor by 2028 as part of a 20-year agreement with the tech company.
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As of October 2024 Microsoft has a market cap of $3.109 Trillion. (Source). So uh, fuck that.
Market cap doesn't say how much cash they have available. For that, look at cash on hand which publicaly traded companies need to report
MS has about 75B cash on hand, so they could afford this themselves. They will probably argue that it will bring jobs and expertise to the state.
Also, it's a loan, so the interest will generate funding for the state as well.nevermind, not a loan from the state, so no interest would go to the state.You’re right that it doesn’t mean cash on hand, but it does indicate they could liquidate some of that or borrow against it themselves.
Yeah Microsoft should take the risk here, not American citizens.
Bingo. They should invest in their own company, they have the money. There’s no reason for taxpayers to play any part in this.
Why when they can get stupid peasants to pay for it?
There’s the actual reason.
If people quit larping propaganda and followed the dollar from it being earned into their pocket to going back into the employer's pocket... it would a different society.
Agreed, but they will still get it regardless but get fucked if you want healthcare.
Yeah. My instant thought was "get the loan from Microsoft"