When will Praxis announce that it is ending operations and returning all remaining funds to investors?
9
380αΉ3732028
1H
6H
1D
1W
1M
ALL
26%
Before Jan 1 2026
18%
After Jan 1 2026 but before Jan 1 2027
8%
After Jan 1 2027 but before June 30th 2028
48%
After June 30th 2028
The start-up Praxis has attracted considerable media attention in recent weeks (see https://www.nytimes.com/2023/12/12/style/praxis-city-dryden-brown.html)
This question is managed and resolved by Manifold.
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There are a few key risks with this project:
They must locate a willing host country in a desirable area
They must secure sufficient funding for the first phase of development
People have to want to move there and deal with the constant construction for likely many years
I hope they succeed, but it will be an uphill battle.