Caroline Hyde

We might see enormous returns if SpaceX and indeed Anthropic and maybe even a Databricks or a Waymay do go public.

Is that what locked in the LP base?

How do you think about the need for the markets to open in 2026?

Elio, we've talked about this, but public market sentiment might be at an all-time high for tech.

Public sentiment is not, certainly when it comes to AI.

They're fearful.

They're worried about jobs.

They're worried about energy prices.

And from your portfolio companies, are you trying to get across the opportunity here?

You talk about the infinite possibilities, but for many listening at home, it feels like infinite worries and concerns.

That maybe raised a few eyebrows, Shireen, because there's been much questioning of that relationship.

What does their participation look like?

What does it signal?

And it really does seem part of this broader strategy shift, honing in on where to win, that Fujisimo is really bringing over OpenAI as well.

Bluemose, Shireen Ghaffari, great reporting as always.

Thanks so much for bringing it to us.

And look, we've got to talk a little bit more, Ed, about what all this means for Disney.

Because what a first week for Josh Damara at the moment.

Like the unraveling of the Sora deal that many people thought would be the next experience we were going to get with Disney Plus and the like.

And now also there's issues with Epic Games.