Dan Ives

And again, TAE, I think, is the centerpiece of the whole deal.

I mean, even though it's a merger, it's really about TAE, in my view.

I think, look, when you look, this is, what, 25, 28 years, you know, mostly out of California.

They built, I think it's about five, you know, sort of, you know, what I'll say, successful fusion build-outs.

This is one, I think it's five Nobels, so many Maxwells, you know, in terms of from scientists that have been through there, Schwab backing, you know, it's kind of who's who in terms of what they've had backing.

But this has really been one coming out of the Cal system.

science community, and that's always what it was known as.

It was always sort of a gem in the science community.

Well, I think you don't do this deal if you don't think this is going to work.

I mean, if you look what TAE has done, it's not just, I think, the best bet from a U.S.

perspective and even global relative to energy.

And clearly, there have been obviously so many starts and stops when it comes to fusion, but I do believe this is one where when you look at breakthroughs combined with what you'd get from a capital perspective, because we've always said that's part of the arms race, that's why this would be such a unique combo.

I think probably two reasons, right?

I mean, one, capital.

I mean, I think Trump, you look at like two, two and a half billion cash and, you know, Bitcoins with capital you get right away if you did this, right?

As opposed to if it just merged into just a regular spot, they'd have no capital.

So that's one.

And obviously it's political backing, right?

I mean, implied relative to the Trump administration.

It's essentially kind of them picking the winner, more or less.