Ed Ludlow

We have a lot to get to.

Seraphim, an investor in all kinds of different space assets.

And it's the space asset that I think is central to this SpaceX IPO story.

My reporting is that they want to raise the capital for the SpaceX AI cluster, the SpaceX AI stack, space-based data center.

Your reaction to that, Will?

Will, we're going to question, report on, react to wherever the valuation of this company settles.

My reporting, again, is that the target, based on what they want to raise, the percentage of the company they offer, $1.5 trillion.

But macro, this is an industry, private commercial space that's growing.

What is Seraphim seeing?

What are the numbers that you're tracking on how an industry is basically growing out of SpaceX's wake?

OK, well...

For our audience around the world, outside of the UK, obviously I originate from the United Kingdom, an OBE, Officer of the Most Excellent Order of the British Empire.

So congratulations to you.

Thank you.

Awarded to you this morning by Prince William.

And I understand that you then ran to be here on the show and that actually Prince William may be tuning in and a fan of the show anyway.

Appreciate that.

That's true.

That's very true.

I believe in transparency on this program.