Rob Armstrong

It's the fact that people are lining up to pay $1.75 trillion, which would make this, I don't know, one of the 10 biggest stocks on Wall Street, right?

Yes.

Number seven or something like that.

For a seriously loss-making business.

To scale that, world GDP is about $125 trillion.

So the addressable market is a fifth of GDP, right?

John, Katie, let's ask a simple question.

Is it mad to pay one and three quarters trillion dollars for this loss making business?

Is it just is that just insane on its face, John?

Yes.

Before I choke on the cynicism of you two Brits.

I would like to say that it is important to separate the carnival barker, Elon Musk, and the business builder, Elon Musk.

And I agree with you.

The carnival barker side of him is very unattractive character.

But the business builder is a very impressive character.

That's fair.

He built the first viable independent electric car company ever.

That car company might not be doing great right now, but it changed the market for electric cars in the world.

He built Starlink, which is a major part of the world's communications apparatus.

And he's built a real business shooting stuff into space.