I highly doubt this will work, but I love to see VC pumping millions into ideas like this. They’ll all likely lose their money, but it’s rare to see experimentation on this scale. So much of this class of money is typically spent in rent-seeking, regulatory capture, or ”financial services”. I prefer paying a bunch of engineers to try something nuts.
As a scientist and an entrepreneur you should not be celebrating this. The idea is so bad that those of us who took high school physics are dunking on it. It is so transparently false that there's no hope of it ever achieving anything. But enough rich douchebags have watched that "Here's to the dreamers" Apple spot that they're pouring money into stupidity because it's stupid. That's money that didn't go somewhere worthy. That's money that is never intended to celebrate spaceflight, it's money intended to be made off the greater fool. Theranos blocked development of a lot of necessary testing services. I was following it avidly because there's a duopoly of Quest and Lab Corps and they both suhuuuuuk and it would have been great if someone had just said "we're spending a billion dollars to bring customer service to the testing industry" but since we got stuck with "this device the size of a rubik's cube is going to prevent cancer" the Quest and Lab Corps duopoly is even stronger now.