Constellation Energy hopes to restart a reactor by 2028 as part of a 20-year agreement with the tech company.
    • Brokkr@lemmy.worldEnglish
      0·
      1 month ago

      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.

      • Repple (she/her)@lemmy.worldEnglish
        0·
        1 month ago

        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.