Glen James

Like, is there a bit more active management of the index now?

I don't know.

That's why I respect the S&P 500 by going, no, no, that's our rules.

This is our index.

Call us old-fashioned, whatever.

Yeah.

So I use IVV in my portfolio.

And so I don't have a slice of SpaceX.

So we need to know that SpaceX, it's this huge company.

It's broadly Starlink, which is the one that's making the money.

The shuttle services and getting stuff into space ain't doing too good.

And the AI stuff's taking a big bath as well, like your grok and all that.

So this is a huge company.

I'm personally not rushing out and I didn't want to rush out and get in a pre-IPO and get an offer.

It was well and truly oversubscribed.

So there's a hype factor.

I'm very interested and I'm happy to always wipe my face because there's always egg on it.

But what's going to happen when these institutional dogs that got in there, when they can sell out, like is it a smash and grab?

Because as the questioner said, night and day the numbers say this thing's overvalued, it's not making money, but we do buy companies for the future value as well.

You plowed it into- It's capital and it's capitalism, baby.