Sam Dickie

So you might start to see a lot of supply of stock

I'm not trying to say how this will technically trade, but you can understand those, what's important to understand those opposing forces.

That's right.

So there's a few different things going on there.

So he owns 45% economically, and I think his voting rights are as much as 75%, which is fairly standard so that Zuckerberg has the same situation, Google has the same situation.

Many companies have two classes of shares whereby the founder's rights are protected.

And that's for good reason.

Back in the day, when the founders thought they had less rights, they were sort of stripped and diluted of those rights by hungry sort of venture capital firms.

And that was probably a bad result for obviously the founder, but often shareholders as well, because it's good to have that- Skin in the game.

Exactly, that motivated founder having skin in the game.

Now, in terms of SpaceX only selling down 4% of the free float, initially, that's not abnormal either.

And again, after that lockup period you talked about before, that will sort of triple to sort of more like 12%.

But that is still a very small amount of stock actually floating on the stock exchange.

So you've got a lot sitting there that's not there.

So again, it's sort of like a...

a lobster pot phenomenon whereby you sort of artificially inflating the stock price a little bit by making a very small window for which people can buy that stock through.

Yeah, it's often called the Kiwi stock market, actually.

You can get into the market, you can get into the pot, but it's very hard to get out because of liquidity.

That's right.

So it's the only company that's got all three.