by coincidence, i've been talking with friends in France about this. @Segah has a good analysis. there are more ways this can go. investors are FOMO and ignore reality. Mistral can skyrocket the valuation and sell the company to a larger company or they can just raise funding rounds for a decade or more. Uber has raised endless rounds for over a decade and has never been profitable. Uber (founded 2009) lost $9.14 billion on net revenues of $31.87 billion in 2022.