How are you thinking about this IPO already at over a trillion in valuation? So

they had 18 billion in revenue for the last 12 months.

they're going to bring in, I mean, $15 billion from Anthropic and $11 billion from Google a year.

So, I mean, they're going to bring in just from XAI $26 billion in the next 12 months.

So even without any Starlink in the launch services, you know, and then once you add those in, you realize that there is going to be, I mean, you add those on top of what they already had, there's going to be like 150% revenue growth year over year.

It is what it seems like to me.

So that's a really high number, right? And that usually warrants a higher price to sales and a higher PE ratio.

Well, I

And I think just walking us through that, because most people hear AI investing, they think Nvidia, but your framework filters for something more specific, from what I understand.

Yeah.

So, uh, my first ETF I launched in 2022 is AOTG.

That's the ticker, the AOT Growth and Innovation ETF.

Uh, so you know, I came from the world of market making, which was all about high speed and algori- uh, and algorithmic trading and, uh, s- statistical probability.

So I tried to take that, uh, statistical probability to long-term investing.

And so when you invest, you know, 10 years from now, you can almost guarantee that the stocks that have gone up the most have had the best earnings growth.

Go ahead.