I suspect if the finances get tight they can make back their money on their patent portfolio alone. If this tech is the future of AR then Magic Leap will have the rest of the manufacturers up against the wall when they want to build their own versions.
It sounds like they have spammed the patent office with every speculative claim they can possibly think of. It may take a few years, but as you suggest, everyone else may end up paying them rent because it won't be possible to get anything done otherwise.
Engineers who participate in this sort of activity need to take a long look in the mirror and ask themselves if the paycheck is worth it.
If the paycheck is worth slightly inconveniencing other corporations in the same field? It's an augmented reality headset, not exactly a cure for cancer.