although they haven't actually disclosed, comments have alluded to existing facility being nowhere near capacity. Another much bigger facility is a bet on exponential growth that doesn't yet exist, the only market of significance is still the US. Again its never black and white and not about building a $500m facility or not. As mentioned before you could potentially start smaller and build in stages. we will have to see what they actually do but spending half the kitty mostly in 2024 is a big bet when costs and losses are still increasing.
anybody in construction will be able to tell you costs have increased
calling it a strategy is being generous. they have an approach to go for broke. management haven't even set themselves any targets. they only said if revenue per month continues as is its on track for $100m and next year they will make a profit. what kind of profit? how is going into all these new markets going to generate more revenue than increasing staff in existing markets where you haven't even saturated the market.
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