Josh Gilbert

It's hard to justify.

And I think that's the biggest question mark that we have really internally is you are investing into this business for that future growth.

You know, data centers in space, like I said, and ultimately space is a risky and a very costly business.

But I think you're buying into Musk's vision.

It's less about today's fundamentals.

It's about whether you believe in what Elon Musk has to offer.

I think a great point to look at, you know, is for some investors, you know, that's enough, right?

Believing in Musk's vision.

But for others, paying 100 times sales for a business that's burning cash is a hard ask.

But again, if you look at Tesla, right, those that bought Tesla back in 2017, that was trading at 100 times sales then.

They've done pretty well.

But at the same time, we're talking about a billion dollar valuation then or a business in billions of dollars, not trillions of dollars.

So I think it becomes hard to justify at these levels.

But, you know, there's undoubtedly a generational business with what it has to offer.

And it's certainly a futuristic business, to say the least.

I think it looks like it, yeah.

I mean, look, it looks like they're moving towards 2 trillion.

Clearly, there's plenty of interest here around the IPO.

There's no doubt about that.

And I think what's also really interesting as well is that