00:04It's this idea of crowding out as well. If you're investing so much into SpaceX, what are you not investing
00:10in? Are you, you know, using kind of more liquid parts of your portfolio to sell out in order to
00:14make sure that you have a decent size allocation into SpaceX?
00:18The one piece that, and this would be kind of the Bitcoin piece as well and the crypto piece is,
00:23you know, the testing the waters, I was told by sources close to this deal, gave them kind of this
00:28comfort to set a fixed price instead of a range in the IPO at $135 per share.
00:34But what you don't really get from that testing the waters process is what retail is doing and what they
00:38plan to do, you know, in order to buy into this deal. And 30 percent is a pretty sizable allocation
00:44there.
00:44So that is a wild card. I think it's a fair assumption that some people could be selling out of
00:50crypto in order to free up some capital to invest here.
00:53You also see a lot of people, you know, investing in pre-IPO SPVs. I was just looking at the,
00:59these are special purpose vehicles to invest in SpaceX.
01:03There were something like, I looked at this on the SEC website, like 50 different special purpose vehicles with the
01:09name SpaceX in them created just this year alone.
01:12So you can assume that people are doing all sorts of finagling in order to either free up cash or
01:18get exposure pre-IPO or, you know, working to see if they can get allocation here as well.
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