Ed Ludlow

So there's a real debate to be had, even within the companies, on whether this is a good idea or not.

Lauren?

Talk to why, for example, it might be a good idea for SpaceX and Tesla to grow closer in their interaction, because they already have a relationship, a strong one.

What we know is, again, two distinct scenarios are being discussed.

And that's the new bit, right?

They're being discussed because you have people like Chamath Palihapitiya, Bill Ackman, who have hypothesized about this anyway, Kyle.

We know that Tesla has confirmed an investment in XAI just this week, $2 billion, and that SpaceX participated in an earlier round in XAI as well.

Elon Inc.

and a conglomerate is a bit of a regulatory headache, is it not?

Oh, it could be a massive regulatory headache.

If you're looking at two companies of this size, three companies of this size, presuming everyone keeps their valuations, you're looking at trillions of dollars.

That kind of market capitalization is going to attract the scrutiny of government and regulators.

It can't not.

Okay, regulatory hurdles abound.

And actually, just to remind viewers, and as you all have written in the story at length, things can change.

None of this is set in stone.

This is still work in progress.

But, Loren, what's also work in progress is everyone talking about wanting to put these data centers into space.

And you just mentioned why there might be some sense to Tesla and SpaceX combining.

But what are the hurdles to even that hypothesis, that view?