... um, uh, maybe what does your academic training tell you about how to evaluate a number like that and, and what is your sense on, on if-

Well, it's not 28 trillion this year, so, uh, and I think Warren Buffett said, you know, that it is a giant TAM, there's no question about that.

Uh, I don't believe it.

Uh, I don't r- but on the other hand, they don't need to achieve much of that TAM to be worth a lot of money.

You know, i- if they got 5% of that TAM, right, you know, then they'll do, they'll do pretty well, right? And so, uh, I think in the long term, uh, it'll be okay, 'cause there's no obvious competitors on the launch business except for Blue Origin, and they haven't quite gotten it together the same a- as, uh, as, as SpaceX has.

Uh, there's no obvious competitor yet for Starlink, but Amazon's putting up Leo, it's gonna be, I don't know, 25,000 and then maybe 100,000, uh, satellites.

That'll be a serious competitor.

... as meaningful as what you saw back in the '70s?