Joseph Alagna

I don't know if we would exit or not.

I mean, we're about to go public in a few weeks, so I can't really talk about what we're doing going forward.

But, you know, the $1.75 trillion IPO valuation, you know, was announced right after the merger with XAI.

And, you know, before that, it was 1.5 at the end of last year before they talked about the merger.

But no one's really talking about the addition of TerraFab yet and what that impact has and

I do think that that is going to be a game changer for SpaceX.

Well, he really has the total ecosystem now with TeraFab.

He no longer is going to be dependent on chips from NVIDIA.

It might be one of the reasons why you're seeing NVIDIA stock act the way it is.

Elon Musk is the type of guy that does not like to be dependent on other companies.

Look what he did with Tesla.

With the gigawatt factories, he didn't want to be buying batteries and be dependent to other companies.

So it's the same playbook that I think he's doing right now with SpaceX and building a significant infrastructure play in space and artificial intelligence like no one's ever seen before.

Well, I always say it's Elon because there really is no one else out there quite like him.

But, you know, what he's put together here with AI space, you know, and the combination here and infrastructure play, he's got a moat now that's built around him that makes it very difficult for any other company to really truly be a competitor.

You know, we've seen other companies like Amazon try to compete with SpaceX as far as their Starlink division is in the satellite deployment.

But now things are quite different.

The ecosystem he has now built, I don't think anyone is going to be able to touch.

We expect to probably start trading in May, possibly early June.

SpaceX is one of 11 positions within the Budwood First Access Fund that we're bringing public.