Harry Stebbings

And Jason's just shown how easily a narrative can change.

It's not a story like a PE-backed public IPO, where it's like at eight times ARR, you can get 6x coverage.

And at 10 times ARR, you can only get three.

So the deal gets done at eight.

This is a totally different thing.

And this is in tune with the Zeitgeist.

It's all narrative all the time.

They already have engineers.

They don't need to spend it on that.

And Jensen's doing buybacks.

So maybe he can stick a couple of billion.

And there you are.

And the genuine common and the genuine learning is, as I said, the power of a big story.

At one level, there's a little part of me, the boring, curmudgeon numbers guy, screams, this is all madness.

You're all insane.

And then there's another little part of you that just gets inspired by that we're sending rockets to Mars, for God's sake.

And we're the telecom company to connect the whole world.

This has got to matter.

Reserving the right to say, I'm not sure how much it was kindness versus Elon was also a big paid-in stockholder.

I think the meta point you're making is right.