Sean Rameswaram

And he thinks there's a huge business there in outer space.

So getting data centers into outer space is going to be costly.

Just developing AI is costly because of all the compute that's needed.

So there's not a shortage of places that Musk wants to spend money.

I want to underline something you just said, Tim.

This company is not profitable.

Now, I'm no day trader or anything like that, but...

I believe investing in a company that's not profitable can be a risky venture.

Obviously, when a company goes public, we get to have a greater understanding of its books.

Have you taken a look at any of these books yet?

Are there any flags of a certain color that you could tell us about?

There are a lot of red flags.

The business perhaps is not growing as fast as some had expected.

The losses are bigger than expected.

AI loss from operations for 2025 increased by about $4.8 billion to $6.4 billion.

But the thing that is probably worrisome to most is the way that the company is structured, the power.

A lot of power here is going to be centered on Elon Musk.

He will control 85% of the voting power, which is rather remarkable.

It essentially means that his power is unquestionable.

There are some other maneuvers within the corporate governance that will make it hard for shareholders to sue if they don't like things.