Chamath

You see this in all IPOs.

Shareholder lawsuits abound, and they try to create a class out of it.

And the reason they do that is that there's D&O insurance that then will pay out some number of millions of dollars.

The attorneys take 40% or 50%, and then these plaintiffs get a few bucks.

You saw how egregious this tort manipulation was when this guy with 10 shares sued Elon's comp package at Tesla and won.

And what was that really?

That was the trial lawyers trying to get paid hundreds of millions of dollars by exploiting a scene.

It was a shakedown.

Why am I bringing this up?

If you take the Raj and Ed example of this, this SpaceX IPO is going to set up a couple of things.

The first is there's going to be the natural noise in the market, and Elon will have to sort through all of the little ticky tacky things.

But the most important positive thing that will happen from the IPO is a validated external mark to market valuation of SpaceX.

And the market every day in real time gives you a valid mark to market assessment of the value of Tesla.

And this allows you to put these two things together to minimize these losses.

And I think that that's what Elon really needs.

It'll make his life tremendously simpler from a governance perspective.

It'll make the companies and this quibbling about his time a non-issue.

Because again, nobody talks about Zuck or Satya or Sundar

or Jensen allocating time across various projects inside of Meta or Google or Microsoft or NVIDIA, nor should they really make this claim from Elon because as you're seeing, there's actually an enormous overlap and commonality to the various things that he is doing.

He's building the robots, but they're used inside of SpaceX.