Ed Ludlow

pre-divide between the two communities that may have been programmed within Google, and I think it was 2016, 17.

People within Silicon Valley did not want to be working at all with the government.

Now, obviously, look at us a decade later, you have folks that actually have deep technological backgrounds, both as elected officials and within appointed officials.

J.D.

Vance, obviously being, you know, sort of a former venture capitalist, Steven Feinberg, Emile Michael, you know, Jim O'Neill, you know, leaders basically, you know, across the entire administration that bring that technological leadership.

And so, yeah, obviously, you know, at this point, when we look at the Hill and Valley Forum and some of the elected officials that are speaking, it's no longer folks with just a political background, but it's folks that have a strong technological background and obviously are now in the political arena.

And those ties or, indeed, reliance on some of the companies that you have backed have become ever more important in this geopolitical context.

You think of Anduril that both of you are in.

We think about SpaceX, which everyone's very excited about potential IPO of this year.

Will they inherently deepen, do you think, Christian, at the moment?

And will they deepen with other countries as well?

How much more are we seeing countries in Europe still wanting to rely on an Anduril?

Or are you worried about that from a geopolitical perspective?

You know, we can discuss this March 24th.

We hope to be there, guys.

But the president's changed how space is funded, right?

OSTP now has a role.

Dell, we're going to run out of time, but a big milestone day for VADA.

We're showing this image here.

Just explain what we're looking at, please.