EBITDA Illusion for Rockets
5:27–6:20 · 53s
Boyle breaks down why EBITDA is meaningless for SpaceX, noting satellite depreciation and constant replacement costs that render the adjusted profit figure misleading.
5:27–6:20 · 53s
Boyle breaks down why EBITDA is meaningless for SpaceX, noting satellite depreciation and constant replacement costs that render the adjusted profit figure misleading.
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