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Josh Kale

👤 Speaker
495 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

I think we can extend that same idea to humanoid robots.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

There are other robot startups out there.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

And, you know, Tesla is one of them.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

But Tesla is not a startup.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

Tesla has a publicly traded multi-trillion dollar company.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

And so the robot startups...

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

I don't know, maybe you could name a few, might stumble and fail because they are walking on a razor edge because they are a startup.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

But that's not what Tesla is.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

Tesla is a profitable company, right?

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

Now, it's not to say that like Figure won't be an incredibly successful startup.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

Same thing with open AI, right?

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

I mean, granted, open AI is like rumored to go public at a trillion dollars.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

And so that might be a little bit rich for my blood.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

But like figure, for example, its last valuation in September of 2025, $39 billion compared to like, what's the Tesla market cap?

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

1.3 trillion today.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

1.3 trillion.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

But so like the idea that we're talking about is like this race to fill out the Thanos gauntlet.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

But you also have to, we also have to understand, listeners also have to understand that the market prices things and these companies are being priced according to their race towards the Thanos gauntlet of capitalism.

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

And so it's not to say that like...

Bankless
Capitalism’s Endgame: The Last Companies That Will Ever Exist

figure is a bad investment but it's just like figure is is so far away from finishing it's Dano Scotland that's not even in consideration like we're talking about these companies that are like working on monopolizing basically everything about capitalism so