Brayden Dennis

I think it might have been, I'm just going on memory, like 2004 or something like that, where it would have IPO'd.

but yeah and you had like um i think a bit prior to that but you had like i think it was like alta vista was one of them you had web crawler anyways all this stuff i remember when aol yeah so all this stuff i remember when i was a teenager so i just wanted to mention that because

140 150 times sales is not nothing it's really expensive and i said i posted as a joke on x basically said well i guess when your total addressable market is the universe i mean it's not that expensive right so uh infinite power yeah the other thing i guess the one thing i'll mention just because we went over that well simple ipo thing

Which one of the risks of this whole Wealthsimple feature is also it could bring in.

They're not the only ones.

There's brokers in other countries that are doing something similar here.

It could really put retail investors as bag holders because remember they had like I think that 90 day sale.

timeframe where you can't sell.

And that kind of ties in nicely to what I'm about to talk about with SpaceX is some people might be wondering why the stock is up 30%.

It's trading 140, 150 times sales.

Well,

There's only 5% or actually less than 5% of total shares that are currently in the public market.

So of the flow, there's only 5% that's publicly traded.

And when you factor in retail investors that should be holding for 90, 120 days, right?

It'll vary from different platforms offering this IPO deal.

Well, now you're starting to lock in people to the unlocking period of insiders potentially selling into the market.

So I think there is definitely a risk where you can...

potentially see some of the retail investors that are in there and feel forced, like they have to hold the company because there's that 90 or 120 day lockup period that they may be on the hook.

And the reason I'm saying is that the big test will start

In August, when SpaceX reports its first public earnings result, that's when the big unlock will happen, where 20 to 30 percent of the shares will be unlocked.