I understand that the valuation of a company is also determined by its earning potential but did Boston Dynamics have that so much that it justified this crazy valuation.
From what I know it barely made any revenue while being in business for more than 25 years. It couldn't find a customer to produce any of its hyped robots at scale. It was clearly a loss-magnet entity for Softbank which is in a selling mode in the wake of Uber/Wework disaster.
In any other country valuation like this would have become the subject of enormous assessment because outside the US, $1 bn still means a lot of money. But I think USA is beyond but I really do not understand the system which facilitates such transaction without the corresponding exchange in value. How is the money being made?