Dan Caplinger

But I don't think it's going to fall dramatically.

I think there is a lot of excitement, a lot of interest here.

There is definitely market support for this IPO.

It's big numbers, it matters and stuff, but we're almost talking semantics, whether or not, on what level can it support.

There is interest here, and that's what you need to do an IPO.

Travis, I want to point out one thing about the exit that you talked about.

It's true that the most obvious exit is just selling the shares outright.

But recently, we've had more and more high-level employees with big stock holdings, they never sell shares.

Instead, they'll go to a broker, they'll make an arrangement, they will pledge shares as collateral, they will have a loan facility that lets them draw money out of it.

The shares never get sold.

It is, at that point, in everyone's best interest, the shareholder, the bank, the lending bank, to keep the share price as high as possible, and so those shares never actually trade hands.

Elon Musk has done that to great success over the course of his career.

I suspect that his best employees have seen that and are willing to emulate it.

I will be curious to what extent the investors that have gotten in on SpaceX pre-IPO decide to fully exit versus using one of these alternative strategies.

Travis, space is the final frontier.

There are estimates all over the place here.

The most famous one is Morgan Stanley saying $1 trillion in space revenue by 2040.

That's like the North Star.

SpaceX, we don't know exactly, but it's maybe $16 billion today.

They're not going to have half of that trillion even if it comes, but there is at least a there there for growth.