Scott Galloway

Now, to be fair, it's up again today.

So this has created a level of excitement in the market.

I do think you have to highlight the positives here, and that is I never want to be someone that demonizes success.

There are 14 new billionaires in Texas that you've never heard of.

Those people will give money away, they will start new businesses.

Something that's uniquely American is that we continue to produce companies like this and entrepreneurs like

Elon Musk, it's going to create a lot of economic growth.

You're going to see a surge in philanthropy from Berkeley to the University of Texas.

It inspires a lot of people.

There's a lot of positives here and we're seeing venture funding increasing.

in space-related projects.

There's a lot to like here.

I don't like the manufactured scarcity and what I'll call the overlying narrative of the hero's journey here.

Yeah, look, from a valuation standpoint, and this is what Musk has always been able to do, is to create this narrative over numbers that's like no one else in history.

But right now, the stock is trading 30% above the IPO price.

And then he has also, again, and I go back to governance, there's all these different lockups.

Like if you trade on a certain platform and you bought shares through direct share purchase on a certain platform, they technically don't have a lockup, but,

But if they sell their shares, they can't trade on the platform before, which is like a soft lockup.

There's certain criteria around when you can sell if the stock is up a certain amount, et cetera.

Yeah, that was interesting.