Richard Waters

And so he's no longer, Tesla's no longer an electric car company.

It's now a robot company.

And it's a taxi operating company.

It's going to be something else.

And the same thing with SpaceX.

Before we actually get to that valuation, I mean, you asked before about why he was sticking this together with XAI.

We have to remember this is all being done for financial convenience.

Elon is weaving this technology vision around it all, but it's fundamentally being driven by finance, real cold hard logic here.

He needs to raise a ton of money.

X AI is a money pit.

Put it this way, in his entire existence, he probably raised $25 billion, roughly $10 billion through SpaceX, $15 billion through Tesla.

Well, he's

now looking at raising 75 billion in one go he's looked around he's seen this ai mania on wall street this willingness to fund hundreds of billions of dollars of infrastructure and he said this is my big chance and he's rammed everything together and he's going big i mean this is this is just incredible where all the dice so the valuation i've got no idea i'll leave that one to rob i'll leave that to you guys you're the market experts

I don't know, Richard?

I think the real question for me out of this is, if the numbers we're hearing are right, then less than 5% of this company is going to go out, even on a $75 billion IPO, which is absolutely incredible.

And there is going to be one heck of a lockup that goes at some point.

And so, as you say, the quicker it gets into the embassies.

But even if it's not in the embassies, there's a lot of pressure on a lot of institutions here.

Yeah.

to say, you know, how do I stand aside from this deal?