Cathie Wood

Again, rumors, rumors.

But SpaceX has big ideas, orbital data centers being the latest, and XAI, which we also own in ARKVX.

is going to become a part of this ecosystem.

We do believe, and I think we're getting more information now, that this is becoming more and more likely.

Yes.

The wonderful thing about ARKVX and interval funds generally, in terms of the way we've constructed this one, is that it's 20%, roughly 20% public, 80% private.

And when SpaceX goes, we will obviously bump up the public position, but we don't have to sell it.

Now, it would be unusual if all of these names, SpaceX, Anthropic, XAI, if they all were to go public, yes, we would want to diversify into more private names.

We don't have to sell right away.

Now, the other thing that our companies really like is that they can see we have $30 billion of assets under management, and most of those are in the public equity market.

So we will be feeding these names into our ETFs as time goes on.

It's going to be very interesting.

Eric, thank you for doing the research on this.

And this space is moving very quickly.

The reason we chose the interval fund format was we could have more than 15% of our fund in illiquid assets.

Now, it may be that the definition of illiquid is changing.

I know we actually have gone to some of our private companies, the ones in the interval fund, saying, hey, we'd love to add you here.

into our ETFs because we think this is such an important story.

All we do is focus on disruptive innovation.

You are one of the biggest disruptors, let's just say SpaceX.