I noticed they don’t mention Tesla but they lift the term gigafactory
I think it's coined by Tesla, but not a trademark. (don't quote me on this)
Northvolt raises $1.2B convertible note from BlackRock
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Re: Northvolt raises $1.2B convertible note from BlackRock
#12I was recently shopping for an UPS + couple 100Ah Batteries solution and failed to find an easy way to buy something not manufactured in China. Northvolt seems to not be present in retail at all. Are there any good places I should've checked out?
I wonder if it is a china owned factory or not
Re: Northvolt raises $1.2B convertible note from BlackRock
#13> Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock. Feels like BlackRock have touched almost everything
What they haven't Blackstone has - they're related private equity groups, aka late capitalist cancer ala Gordon Ecko's 'I produce nothing , I do nothing , I own '.
Owning a stock is a verb. Allocating capital takes a lot of work, and a lot of courage. Gordon Gecko is a fictional character.
Having said that, Blackstone/rock has grown far too much. People need to stop sending their money to their index funds.
Re: Northvolt raises $1.2B convertible note from BlackRock
#14What’s the rate on the note? US treasuries are paying 5+%. Unless there’s some bonus exercise rights for the conversion, this must add some significant credit risk premium.
Re: Northvolt raises $1.2B convertible note from BlackRock
#15Earlier quoted context omitted.
What they haven't Blackstone has - they're related private equity groups, aka late capitalist cancer ala Gordon Ecko's 'I produce nothing , I do nothing , I own '.
Owning a stock is a verb. Allocating capital takes a lot of work, and a lot of courage. Gordon Gecko is a fictional character. Having said that, Blackstone/rock has grown far too much. People need to stop sending their money to their index funds.
> Allocating capital takes a lot of work
How?
Re: Northvolt raises $1.2B convertible note from BlackRock
#16Earlier quoted context omitted.
What they haven't Blackstone has - they're related private equity groups, aka late capitalist cancer ala Gordon Ecko's 'I produce nothing , I do nothing , I own '.
Owning a stock is a verb. Allocating capital takes a lot of work, and a lot of courage. Gordon Gecko is a fictional character. Having said that, Blackstone/rock has grown far too much. People need to stop sending their money to their index funds.
> Allocating capital takes a lot of work, and a lot of courage.
Less so when you've captured government and setting|opposing policy at Senate|POTUS level (in US, in a similar manner elsewhere) to worsen health insurance and housing access to your own benefit.
The Ruling Class S01E03 American Buyout did a tidy little episode on the downsides of The Blackstone Group.
https://www.mgmplus.com/series/the-ruling-class/watch/season...
I'm not anti-capitalist, but I am opposed to unregulated behemoths warping safeguards by the weight of their own capital and lobbying.
Re: Northvolt raises $1.2B convertible note from BlackRock
#17Re: Northvolt raises $1.2B convertible note from BlackRock
#18> Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock. Feels like BlackRock have touched almost everything
Well sure, because they're an investment company. They manage people's money. A lot of people seem to talk about BlackRock as if they're investing their own money, which would be similar to pretending your bank owns all the money that you put in it. They have $10Tn under management, but they have a market cap of $100bn. So the vast majority of what they're doing is just brokering deals for their investors. The fact that Blackrock did this deal doesn't tell you anything about who is exposed to the upside or downside.
Re: Northvolt raises $1.2B convertible note from BlackRock
#19Re: Northvolt raises $1.2B convertible note from BlackRock
#20Earlier quoted context omitted.
Owning a stock is a verb. Allocating capital takes a lot of work, and a lot of courage. Gordon Gecko is a fictional character. Having said that, Blackstone/rock has grown far too much. People need to stop sending their money to their index funds.
> Allocating capital takes a lot of work How?
It takes a lot of work to decide the right investments and manage the companies you've invested in to ensure they don't go kaboom.
Private equity takes active ownership in the companies they own, unlike BlackRock that invests and at most takes a few board seats.