Jason Calacanis

He's the guy.

Whether you like him or you hate him, he's the guy.

And there's a premium that is well-deserved that comes with that.

So if you had to pick an underwriting case, Jason, I would flex the revenue and realize that terrestrial data centers alone are $100 or $200 billion of revenue by 2030, 2032.

Just...

And that means just building it.

So already you're buying it at 20 times revenue just for that business.

And that's just the Colossus on the ground, earth-based.

It'll be Colossus 3.

No, no, forget space for a second.

It's like Colossus 3, Colossus 4.

It pencils out with that, yes.

Getting a nameplate one gigawatt... Look, it is freaking hard, man.

Getting a gigawatt nameplate working...

And then, by the way, there's all the stuff that he can do on land that he's the best position to do.

I'll give you one example.

There's a great push that Jensen's making, which he needs a partner, and I think Elon becomes a natural partner, to do DC to DC.

Forget all this DC to AC to DC nonsense that goes inside of a data center.

All the lossiness.

Explain what that is in English for everybody.