Got around to looking at their financials and a few things need attention. Firstly, they spent $13m on capital expenditure in 2022? That's in the region of $15k per employee for the year. They talk about pandemic and creating great offices that people don't fear to go or whatever but in the previous ten years in total, they spent $20m. They also use that same end of pandemic reason for the increase in overheads, which rose from nearly $12m in 2021 to over $18m in 2022.
I remember once upon a time saying no matter how much money they are given, they will find a way to spend it and somehow this continues to be true. I'm all for another record year of funding just to see how it gets spent. Looking at some milestones. They've now spent over three quarters of a billion on Star Citizen. With another record year, 2024 could just be the year they raise over a billion dollars in total. Unfortunately it will most likely take at least a few months but probably nearer the end of 2025 to hit the one billion dollars spent