Palmer Luckey

That's different than a dividend, which effectively ends up just being a tax on taxpayers to pay for defense straight into the pockets of public market investors.

So I look at these little things a little differently.

Big picture.

If these companies were doing really well, and if they were living up to their end of the bargain, I don't think you would see any action from Trump or others on this.

It's really a reflection of how many problems we have with our defense industrial base.

Significantly less than a $5 million cap.

True, but I also own a lot of my company.

This measure is not really written in a way where it's intended to hit new companies, starting new things.

If Kelly Johnson were alive today and he owned a bunch of Lockheed Martin or Northrop Grumman or Raytheon, I don't think that anyone would have nearly much of a problem with him.

I pay myself $100,000 a year.

That's my compensation package.

I own a bunch of Anduril because I started the company.

That's

So my motivation is to try and build in the biggest thing possible.

I will say, people have fairly critiqued me and said, but Palmer, are you really a neutral party here?

Are you really in a position to comment, given you're competing with these companies?

And I'd say two things.

One, these measures do apply in equal measure to me.

I now cannot pay dividends.

I now cannot do stock buybacks if I'm not investing in new plants, if I'm not doing these two things.