Kevin Roos

And then they also have two terrible businesses called XAI and X.com.

And it'll be really interesting to see what the interplay of the good businesses and the bad businesses are

you know, in the months to come.

What's interesting is that you didn't have to take the good with the bad.

You could have just had the good.

Like up until very recently, SpaceX was just SpaceX and Starlink.

Like it was just a pure good business.

But then it seemed like Elon Musk decided he needed to kind of, you know, hide his losses somewhere.

And so they inherited the two worst companies he owned.

Oh, I'm just shaking my head at the insanity of that, considering what their ARR was one year ago today.

I remember your story about it.

And it was just kind of about how glum and strange the office was, which you might expect for a bunch of very, you know, safety focused people who hadn't even decided whether they really wanted to start making a product yet.

No, and like, you know, like in January of 2025, this company has, you know, an annualized revenue run rate of about a billion dollars.

And, you know, recently they've said it's 50.

You know, who knows what it's going to be by the time they IPO.

But yeah, I mean, that just is unprecedented growth in Silicon Valley.

I mean, my fear, Kevin, is that we are about to see a massive increase in inequality in a town that already had really significant inequality, right?

And I just worry that it's going to sort of feel even worse.

And where I'm already starting to notice it is when I talk to my friends who have, like, really good jobs, paying, like, maybe even mid-six figures, they're looking at what they're reading about the folks who got in early at an OpenAI or an Anthropic,

And man, the comparison is not feeling good.