Richard Waters

If it's an Elon stock that comes on the market with a nearly $2 trillion valuation, am I really going to stand aside from the rest of the market and say, no thanks?

You know, what happens if it doubles?

I mean, who knows?

I don't think so.

I mean, Tesla is a volatile stock.

It's still $1.2 trillion or whatever it is of stock market value.

I don't know the current number.

I mean, this is an incredibly over-inflated stock based on current earnings or even any kind of realistic medium-term projection on earnings.

It's all based on big new markets that may develop.

I honestly think I see SpaceX as part two.

It is, I've got, you know, you like that, I've got another one for you.

And it's a different story, but it's just as big and just as exciting.

And I think there'll be as much interest.

This is the really interesting thing here.

All of this is very doable within the laws of physics.

Some of it, quite a lot of it, Elon has already proven.

And so the satellite business, for instance, is getting to a point where it is a cash-generative business, as you mentioned.

It's growing like crazy.

Musk is about to launch much bigger, more powerful satellites that will have the power to directly connect to more handsets at higher bandwidth.

Now, whether this ever replaces your