Patrick Boyle

VC funding is kind of drying up for this sort of stuff.

They've, you know, this is worth a lot and they want their money back.

On top of that, you've got big IPOs coming from OpenAI and coming from Anthropic.

And even, you know, there's an argument, you know, that they basically want to get out first because the question is, will there be appetite here?

You know, if investors have to liquidate something in order to buy these new things, at what point do they not necessarily want to buy the next AI thing coming out?

So I think to a certain extent, this is a race to get this stuff out before the others.

Well, a much lower price to start with, but that's not what's going to happen, right?

Because, of course, this is the whole thing with investments.

You're buying a thing, and the question is, how much are you paying for the thing?

And this is the most out-there valuation of any company you can think of.

It's way beyond the valuation of NVIDIA, and NVIDIA is hugely profitable with massive margins.

SpaceX just isn't.

It's a money furnace, right?

Especially with all this...

you know, XAI, the AI company, you know, I think he paid $250 billion for it, like SpaceX bought that from Elon Musk.

Then within a few weeks, he announced that the tech stack within XAI was not working, basically.

It wasn't very good, and it had to be rebuilt from the ground up.

And he said, well, that happened with Tesla as well.

And it's like, yeah, but you just got...

people to pay 250 billion dollars for this right they bought it from you um and so you know this is uh you know the the thing is would i bet on the price falling i mean in the long term yes just because i think it's you know the the this sort of uh gravity can only be um