What is a mega rocket test flight, and why is this so important?

Well, Starship is what you're talking about, the largest rocket humans have ever built, designed to be fully reusable, uh, and dramatically lowering the cost to reach space.

You cannot overstate the importance of spa- of Starship to the SpaceX story.

It is the flywheel over, uh, that drives all value creation at the company.

Elon wants to put up bigger satellites for more b- uh, that have more bandwidth for its Starlink product that's, uh, disrupting, uh, the Wi-Fi business.

Uh, a he wants to put up, uh, orbital AI data centers, uh, and disrupt OpenAI Anthropic and, and drive the cost of AI down and dominate that business.

Um, all of it is a function of taking costs to reach orbit, which are roughly, let's say, two thousand dollars per kilogram, and then eventually making them two hundred dollars per kilogram.

Why do you think Uber is undervalued, or do you think Uber is undervalued?

What was the mood like around the company at that time, and what were investors buying into?

I mean, the size was infinitely smaller than SpaceX, and there was incredible skepticism that you could build a profitable, attractive electric vehicle.

You know, you're competing with EV1, Nissan Leafs, things like that.

Still wasn't profitable.

Battery prices, you need so much scale in automotive businesses.

So the size was something that is completely different.

Elon's reputation is something completely different.

Why is that?

Thanks.

Baron, not Baron's ETF, uh, that had SpaceX stock.

Next.

No, I, I think the official term is crazy.

Uh, I think that is the stock market term for what's gone in the space stocks.

Uh, people can be funny, and, and everybody gets, uh, you know, uh, fear, uh, FOMO, trading activity, momentum chasers, whatever happens, right? Like, so Redwire, uh, makes solar p- uh, makes solar panels and antennas.

It has space business, fine company.

Al, how will the integration of the stocks work, and how do you think they'll affect the broader market?

[laughs] No, I would not.

Um, okay.

So Tesla, you know, off the top, uh, it's, uh, coming into the week, it was on, uh, coming into last week, it was on an eight-week losing streak.

It had performed very poorly since the last earnings report.

I think there's a couple reasons for that.

One, the EV business is struggling.

Two, their capital spending was gonna more than double as, uh, as Elon Musk pivoted into all of these AI opportunities, robo taxis, and robots.

Essentially