Nicolas Owens

That said, I mean, $60 billion is almost as much money as they raised in the IPO.

So it just gives you a sense of the size of the deal.

It's big.

And yeah, so I did model the idea...

So there's kind of an outlay and some dilution.

What's the upside?

I see that as probably making Grok more valuable and raising their ability to have more of that enterprise type subscription revenue over time.

And that's something.

And I think I view it primarily as like bringing that team on board real quick, right?

So some people would call this an acqui-hire.

So it's getting those people who know how to do that

Yeah, this company likes to move fast.

And so here we are, whatever, a couple of days after the IPO and they're going for it.

So not ultimately a shock because they had already inked the agreement a while ago.

But I doubt that it'll be a huge game changer, but it could add value to the Grok platform.

I have to say I do not know.

Right.

Well, I'll tell you exactly what I'm looking out for.

It really is those two huge question marks that would change the probability weighting of my valuation.

One is showing, demonstrating, let's say, the reusability or the rapid reusability of starship.