Nicolas Owens

which I think is possible, but not in the bag yet.

And also some data that would show how cost competitive a data center in space would be compared to terrestrial.

Those are really the two factors that will drive my valuation and

Here's the thing.

I think that people have already priced those in.

So if they if they say, hey, we have a reusable Starship, should the stock go up?

I don't think so, because I think they already believe that.

So, you know, and then on the kind of other side of the scale.

Over the next year, most of the rest of the shares could become available for sale by the current owners, the insiders who bought it as a private company.

That dilution, I mean, it'll increase the float, it'll increase liquidity.

Some of the index funds will also increase their allocation because they're float adjusting their holdings.

But, you know, as long as investor appetite remains high, that shouldn't matter too much.

But other IPOs I've covered, you see this potential selling of insiders is kind of ends up being an overhang on the stock.

You know, look at Standard Arrow is one that I cover.

Carlisle is exiting their position every couple of months in that position.

that weighs down the stock.

So that's a scenario I think people should be aware of.

And then, you know, Purser, they just issued 60 billion in equity.

There could be other deals like that.

Maybe they could go out and buy Tesla, probably issue equity to do that.