People are unbelievably ignorant about how much a AAA title costs to produce. SC is going to need much more money if it is ever going to meet Robert's grandiose plans.
However, Chris seemingly has virtually no discipline in terms of product management. The scope of the game is accelerating in the face of decelerating sponsorship.
Where has the money gone? Probably to the features that he has promised - sadly, not enough to any one single feature. $94 million simply isn't enough. If Star Citizen doesn't get more money it might end up being a bag of half-implemented features and is going to be a text-book example of runaway scope creep.