The U.S government now owns a piece of 35 companies

This has been a option forever and has now begun.

We have managers who can oversee those investments.

The government has made thousands of non recourse investments for decades.  Having a stake is natura  even when most crash.  It is the ten benger that pays for it.  Ask Warren Buffet.

The U.S government now owns a piece of 35 companies

They paid cash, swapped grants, or took warrants

Oct 16

Rubén Domínguez Ibar

Here's the full list:

Chips & quantum

• Intel $INTC: $8.9B for a 9.9% stake

• GlobalFoundries $GFS: ~7% stake, worth over $2B

• Wolfspeed $WOLF: $1.5B loan, warrants for 7.5%

• IBM $IBM: $1B for minority stake in quantum foundry

• D-Wave $QBTS: $100M in stock at a 15% discount

• Rigetti $RGTI: $100M in stock at a 15% discount

• Quantinuum $QNT: $100M in stock

• Infleqtion $INFQ: $100M in stock at a 15% discount

• Aeluma $ALMU: up to $30M in stock

• PsiQuantum: $100M for a minority stake

• Atom Computing: $100M for a minority stake

• SandboxAQ: $500M for a non-voting stake

• I-Pulse: $250M for a minority stake

• Kepler Computing: $245M for a minority stake

• Multibeam: $140M for a minority stake

• xLight: $150M for a stake

• Extropic: up to $75M for a minority stake

• Thintronics: up to $50M for a minority stake

• Diraq: up to $38M for a minority stake

• OBSIDIA: $34M for a minority stake

Mining & metals

• MP Materials $MP: $400M for ~15% of the company

• Trilogy Metals $TMQ: 10% stake + warrants for 7.5%

• Lithium Americas $LAC: warrants 5% + 5% of its mine

• USA Rare Earth $USAR: $277M in stock and warrants

• Korea Zinc: $1.4B for 40% of a Tennessee smelter

• Elmet Group: $450M, warrants for up to 19.9%

• Vulcan Elements: $50M in equity plus a $620M loan

• ReElement: $80M loan plus warrants

• Atlantic Alumina: $400M in preferred stock

• Strategic Bauxite: $85.5M in equity

• Hertha Metals: $65M stake in a steel startup

Defense, energy, oil

• L3Harris $LHX: $1B for preferred stock

• Westinghouse: 20% of profits if it IPOs above $30B

• US Steel: one golden share with veto power

• North American Blue Energy: 35% of Venezuelan oil company