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0 sats \ 2 replies \ @optimism 23 Oct \ parent \ on: Trump Admin To Take Equity Stakes In Quantum Computing Firms Stacker_Stocks
loans we got nothing out of

Wasn't there an interest rate?

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100 sats \ 1 reply \ @Cje95 23 Oct

Loans through the DOEs Loan Program Office carry a very very low interest loan. Often it is just a couple percentage points/ the applicable U.S. Treasury rate. Right now that is 3-4 percent from what I am finding but DOE loans have been as low as 2 so....

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0 sats \ 0 replies \ @optimism 23 Oct

Yes, I found this:

Loan size: $2.26 billion (including $1.97 billion of principal and $289.7 million of capitalized interest)

So that's probably neutral vs treasury cost. [😂]

I'm not sure if the ownership is long-term beneficial unless there is zero chance of adversarial office holders in the future, but that's another discussion.

  1. Also, for scale, this is about 17h worth of total US debt interest. By the time you wake up tomorrow morning, this has been spent. ↩

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