00:00This has become experiential. It's not just about it, you know, being part of your portfolio. It's
00:04just about being part of the experience and being a Musk fanboy. Yeah, it's part of the conversation,
00:08right? This is an IPO we're going to be talking about at cocktail hour. And this is a place for
00:15Elon Musk's fans to show just how much they believe in him and his vision. Is there a unified
00:21voice, retail voice on SpaceX? I mean, we quoted that person who said that they just need to get
00:27in there no matter what. But I wonder how much divergence there is within the voices out there.
00:32There is no unified retail voice in SpaceX. I think one of the most interesting things about
00:38this, given who Elon Musk is and how strongly people feel about him, the sentiment, what people
00:45are talking about on Reddit, the places where people go to debate, it's really not about whether
00:50or not you like Elon. It's about is this a good investment or not, which is a little bit heartening
00:55right now, that it's not a culture war. It's actually a value conversation.
00:59What are the cases traders are saying are the, you know, to buy the IPO versus not buying the IPO,
01:05especially for a retail investor? I think for retail investors, there is the FOMO that we're
01:10talking about. You want to be in at the beginning and on the ground floor. We saw a lot of
01:14people that
01:15we've talked to over the week who have sold other stocks to give themselves dry powder for this
01:20offering. On the other hand, there are people who are not bothered by not getting in at this stage
01:26and they'll get in a little later, even if it is more expensive. And, you know, they say they believe
01:31that, you know, a lot of these people are Tesla investors. They're going to hold and believe that
01:36this will turn up value for them. Or it will just end up in their portfolio because it's part of
01:40the
01:40S&P 500 after a year. Or the great many of us. Yes. And a year from now, it'll be
01:45in our target date
01:46funds and elsewhere in the 401k if it performs as people hope.
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