Brian Levitt

I think you'll get another crack at it at 135.

Well, there's two more of these right behind it.

I'm not ready to get there, in my opinion, that this is something- Oh, like is it so much money to be raised that it's going to take a bite out of the rest of the stock market?

These will be heavily, all three of these will be heavily involved in the big ETFs.

And that's the thing that people are talking about.

That's nonsense.

That's nonsense.

That's journalists.

And that's what I want.

Investment people are not saying that.

All right, wait.

So $2 trillion, this is market caps, not dollars being raised.

But just hypothetically, for index construction purposes, $2 trillion for SpaceX, $1 trillion for Anthropic, $1 trillion for OpenAI.

It's $4 trillion.

I mean, that's a meaningful amount of market cap that is going to require some space in the Qs, eventually in the S&P.

Eventually.

Like, right.

But wait, but they are being adjusted for the float, dramatically adjusted for the float.

Well, they would have to be.

It won't have the proportion of a $1.8 trillion.