Drew Baglino

So, yeah, durable industrial policy driving in this direction.

I think a...

concerted effort between the federal government and the states to identify areas of, like, energy and manufacturing build-out.

Like, so you can get those co-located supply chains that I mentioned before would be a major win, you know, where the local jurisdictions are getting the yes with you rather than trying to find ways to say no all the way along the project.

And then the last thing is I'm a fan of the electricity sector.

I think it's enabling so much growth.

I like the idea of a federal highway trust fund for the grid.

It never has existed.

That's sort of why we have this patchwork.

How do we find a master plan of build-out of linear infrastructure that maybe connects those manufacturing energy build-out zones to improve resilience, reduce costs, and really move us forward as a nation?

Thanks.

There was all this excitement, I think, about New Shepard, especially because Katy Perry went to space and for civilians who maybe want to have that moment like Mark Bezos had.

So do you think you'll go back to that at some point?

Is it really just a pause?

So it really is a space race right now.

Yeah, that's exactly right.

So these are private firms.

They are owned by private equity firms, which obviously borrowed in order to buy them.

So these are companies, software firms, that have bonds and loans outstanding.

Now, a lot of debt tied to software has sold off in recent weeks, particularly software as a service, because investors are very worried about the threat of AI disruption potentially supplanting some of those tasks.