257 million dollars is nothing, I don't know . PSG , REAL MADRID, BARCELONA, NFL TEAMS... they spend 100 times that in a single summer.
No file storage startup with minimal operations needs or deserves this much money. They’re not in an industry with high initial fixed costs and they’re not labor-intensive like an Uber or Instacart.
If you watch closely, the increased prices payed by sports teams are calculated in such a way to lower operating profit for the "team" (i.e . company) to a tax friendly point.