ICI’s decision was prescient, but slow to pay off: the pharmaceutical division lost money for 20 years. Markets today would not tolerate unrewarding and risky investment on this scale.
This is secretive fuel cell company Bloom Energy’s big week. Tonight 60 Minutes aired an exclusive look inside the Bloom Box, and on Wednesday the company is officially launching, after operating for 8 years and having reportedly raised around $400 million from investors like Kleiner Perkins.
The Bloom Box may or may not work and the company is certainly still many years from profit.
Looks like markets are entirely tolerant of large scale risky and possibly unrewarding investment.