Cori Dreebush

A key reason is we have a couple other huge IPOs that are eyeing debuts later this year.

And those are AI rivals, which are OpenAI and Anthropic.

And so there's a really big advantage to being a first mover because a lot of the same investors are going to be looking at putting money into SpaceX as OpenAI and as Anthropic.

And if one of those doesn't go well and they happen to go first...

those same fund managers might say, you know what, I'm going to put it in a smaller order this time.

I don't think I'm going to buy as much of that risky stock.