Matt Levine

concerns have been raised is a very strange and passive way of saying that approximately all of anthropic leadership have been warning about these risks for years.

Matt Levine, for whom this whole thing is probably like Christmas, is here for it.

Matt Levine, Bloomberg.

The prospectus does not quite say, our products pose an existential risk to humanity.

It attributes that belief to someone else.

I think this is a mistake.

I like the NVIDIA strategy of issuing a one-cent dividend, which allows you to be included in various indexes.

We also learn the stock limits, in case there is ever a fun-related Matt Levine column.

End quote.

Matt Levine, for whom this whole thing is probably like Christmas, is here for it.

Quote.

Matt Levine, Bloomberg.

The prospectus does not quite say, our products pose an existential risk to humanity.

It attributes that belief to someone else.

I think this is a mistake.

I like the NVIDIA strategy of issuing a 1 cent dividend, which allows you to be included in various indexes.

So yeah, there's always been a lot of transaction happening between his companies.

You know, I think to your point, Anthony, there's like two things that Matt Levine over at Bloomberg brought up in a story that he wrote about this week that really, I think, made a lot of sense and like clicked into place for me.

One is that Musk has had all these kind of crazy ideas over the years, and he has certainly gotten a ton of venture backing and has become quite close, as we said, with some of those people like Antonio Gracias.

But the things that he's trying to do now are sort of beyond even the like large capabilities financially of the modern VC environment, right? Like he's trying to do, he's trying to build a massive spaceport, like a truly massive spaceport in Louisiana.

He wants to make this incredibly large fleet of, you know, quote unquote, orbital data centers.

Like he wants to launch thousands of starships a week or whatever he's at now, you know, whatever, you big number he's fixated on and those are just things that like the venture environment can't necessarily support at the scale that he wants to and so by combining these things together and we've already seen it because he's accessed the debt markets since spacex's ipo but the bigger you make these things the better chance you have at sort of tapping these institutional sources of financing which is kind of the only you know that even eclipses what the government can finance so like there is a lot of sense in doing it that way And to your other point, like about sort of like how he manages it, I just want to read this from Matt Levine's story because I think it's really good.

He says, like, of course, SpaceX and Tesla should merge.

It's crazy that they're separate companies.

The other is, if I can touch on the Lucid example.

So this is something that Matt Levine talked about.

But there was, there isn't anymore, a 2X long lever ETF on Lucid.

Lucid is a highly volatile stock.

So I was part of the mass layoffs at the L.A. Times a year or two ago when I think in total 30 percent of the masthead was cut where I used to write the technology column.

I was the tech columnist there.

And I think it was mere weeks after that layoff announcement, they announced this new feature where they were.

It was called AI Essentials or something like that.

I mean, there is obviously an economic story there, but I mean, it seems certainly unusual in historical context.

Yeah.

I mean, there are a lot of different reasons for that, right? Like, I mean, I think the way that I'm interpreting the slowdown is probably most in line with somebody like the Bloomberg columnist, Matt Levine, who's arguing that, like...

Doesn't this look a lot like a way like slowing down this collusion? Yeah, right.