Realistically the alternative is that they remain a kind of sham non-profit. I don't like the company, their mission and leadership creep me out - but all things considered it would be a good thing for them to lose the 503c designation, no?

Their CEO and board are... extremely unreliable narrators, to put it lightly.

They just raised over $6b at a $157b valuation. The total amount of capital invested to date is astonishing. The fact is that their corporate structure is not really a hindrance - 18 billion should be enough to start "an enduring company", in the sense that it won't disappear next year.

The idea that they need to be a corporation to succeed seems like just another story to sell. It's unlikely they'll get out of this hole.