[ghufran_syed]

The $200 million in north carolina is a discount on future taxes for when they start production. - seems a little unfair to count it against the company when they haven't even started production yet.

And the total amount of private funding raised to date is $700 million - so maybe 10% of funding to date is from the government? Seems like a good deal for the government?

[mikeyouse]

Some portion of it is indeed a discount on future taxes - but a huge chunk isn't, whether it's direct grants, infra/hanger upgrades at the airport, a bunch of the subsidies are government spending to make the facility more useful for Boom.

It's not even that I'm opposed to that kind of spending, I'm a big believer in government support to bootstrap new industries! But the conceit that they're doing this without any government support should be disregarded. I'm only partially being pedantic on this because the CEO of the company in question is definitely not a proponent of that type of spending.

It's like when some of those other Thiel-adjacent goofballs kept tweeting things like "taxation is theft!" while ignoring that every one of their companies had multi-million dollar government contracts.