Aidan Donnelly

So that's kind of the backdrop that's ultimately in operation.

Yeah, it kind of grows in quite a bit.

But the core part of the business remains Starlink, the satellite communications business, right?

That's the one that you could argue is... That's the bit generating cash.

generating cash and it's generating decent sales, right?

So that is the core of the business.

And, you know, if you are looking at that in and of itself, you look at it in a different way in terms, from an investment perspective, right?

And it certainly wouldn't be carrying the valuation that the overall company is.

Then you've got the AI bit that's in there with Grok and Twitter and other bits of business.

And then the final bit, too, is they're now potentially rolling out AI and data centre operations that they are spending a novel lot of money on research and development on it.

The other thing, too, is ultimately, you know, the space exploration bit, which is the rocket launches.

They probably now have control over 80 or 90% of the rocks that are going to be launched over the next five,

few years.

Put anything in space.

So put anything in space, you know.

So, you know, they need that capacity.

And again, you know, from what I've seen, you're probably looking at a business that's, you know, washing it.

It's washing its face in terms of profitability, right?

The big drag on profitability is the R&D and the AI stuff that's in there.

And whether they will or they won't, it's up for debate.