Krystal Ball

What do you think is the Trump administration's motivation, though, behind exploring this type of deal?

The other thing that was a huge red flag to me,

Can we put E4 up here on the screen?

I had no idea about this.

But Fidelity actually slashed its SpaceX minimum to $2,000 for retail investors.

So basically, getting into an IPO for the offer price is normally a privilege that's reserved for big accounts.

From what I could see, you needed a minimum balance of like $100K or something like that for Charles Schwab.

Fidelity actually changed that.

offering it to any customer with only two thousand dollars in a retail brokerage account a fraction of the threshold that has been quote historically gated access to hot new users that's the easy in the costly out is a 15-day calendar leash and penalties that escalate with each early sale until a third strike triggers a lifetime ban on fidelity ipos they're tied to your social security number so basically you can buy it with a very small amount of money in your bank account

But if you sell it, you will get banned sometime in the future.

But this appears to have been a coordinated effort by SpaceX and others to let retail investors buy into the IPO.

I mean, zooming out generally seems like frothy activity.

I'm curious to see what you think.

I don't know.

I go back and forth.

At the same time, I see all of these reports about people inside of these companies who say, well, we don't even use AI all that much.

Then I also see people who, what is that company that spent half a billion dollars in a single month on anthropic credits?

I'm like, okay, well, they're spending the money not for nothing.

They're clearly buying it.

And despite DeepSeek being available, Anthropic and OpenAI do make billions of dollars.