Josh Brown

Can I have a Rupert SpaceX IPO layout analysis?

So, no.

So, this is incredible.

And the red number toward the bottom middle, the shortfall.

So, I know you gave us the 50,000 square foot view.

But basically, like, that's the dollar amount that you think we don't know where it's going to come from.

Raise capital for the new one.

How long is the season?

The seasoning is, what, two years?

liquidity generally, you know, that's going to contribute towards a plan B. I want to ask you, um, during the snowflake IPO, this was a situation.

So this is, uh, the fall of 2020.

It was the biggest IPO ever, I think at that time, or maybe like neck and neck with Alibaba or something, but like it was huge.

And a lot of the hedge funds that were sort of had like a VC bent to them.

Yeah.

So what they ended up, some of them ended up doing, rather than make the sell decision or the hold decision, they distributed the stock to their LPs.

which is the third option that people forget exists.

Depending on the fund, many funds have the ability to say, you know what?

We don't know if it's the right time to sell Snowflake.

We were smart enough to get you into it 100X ago.

And now we're going to put that decision in the hands of the LPs.