1 00:00:03,120 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,480 --> 00:00:13,320 Speaker 2: Worst case scenario if our planet falls apart, we can 3 00:00:13,360 --> 00:00:15,680 Speaker 2: all go to Mars with the other man that we 4 00:00:15,760 --> 00:00:16,440 Speaker 2: love and trust. 5 00:00:16,680 --> 00:00:22,720 Speaker 3: Elon Musk, You are right, check it out, Doc Mega. 6 00:00:23,480 --> 00:00:29,720 Speaker 4: Yeah, but seriously, I run the country now, and it's 7 00:00:29,720 --> 00:00:32,280 Speaker 4: gonna be like one of my rockheads. You know, that's 8 00:00:32,400 --> 00:00:36,600 Speaker 4: super cool and super fun. But this slideshads a good 9 00:00:36,720 --> 00:00:38,200 Speaker 4: blow up and everybody dies. 10 00:00:38,280 --> 00:00:42,320 Speaker 3: Ha ha, I'm Doc Mega. See in the White House, 11 00:00:42,600 --> 00:00:49,360 Speaker 3: US say, us say, well. 12 00:00:49,320 --> 00:00:51,879 Speaker 2: Elon Musk is now the richest person on the planet. 13 00:00:52,360 --> 00:00:55,240 Speaker 3: More than half the satellites in space are owned and 14 00:00:55,320 --> 00:01:01,160 Speaker 3: controlled by one man. Well, he's a legitimate, super genius, legitimate. 15 00:01:00,840 --> 00:01:01,200 Speaker 5: He says. 16 00:01:01,200 --> 00:01:03,840 Speaker 1: He's always voted for Democrats, but this year it will 17 00:01:03,840 --> 00:01:04,280 Speaker 1: be different. 18 00:01:04,319 --> 00:01:05,280 Speaker 6: He'll vote Republican. 19 00:01:05,560 --> 00:01:08,039 Speaker 5: There is a reason the US government is so reliant 20 00:01:08,080 --> 00:01:08,440 Speaker 5: on him. 21 00:01:08,680 --> 00:01:11,240 Speaker 6: Elon Musk is a scam artist and he's done nothing. 22 00:01:11,360 --> 00:01:15,640 Speaker 4: I think anything he does, he's fascinating the people. 23 00:01:24,280 --> 00:01:27,240 Speaker 6: Welcome to Elon Inc. Bloomberg's weekly podcast about Elon Musk. 24 00:01:27,840 --> 00:01:30,959 Speaker 6: That was from Saturday Night Live, sending up Elon Musk's 25 00:01:31,000 --> 00:01:35,039 Speaker 6: big week in politics. Today is Tuesday, November twelve. I'm 26 00:01:35,080 --> 00:01:38,440 Speaker 6: your host, Max Chafkin, standing in for David Papadopoulos. It's 27 00:01:38,440 --> 00:01:40,880 Speaker 6: hard to believe that the election was only a week ago. 28 00:01:40,920 --> 00:01:43,680 Speaker 6: It feels to me anyway like Elon Musk has been 29 00:01:43,760 --> 00:01:47,319 Speaker 6: vice president for years, which is only slightly a joke, 30 00:01:47,400 --> 00:01:52,520 Speaker 6: because Musk's role in this election has been staggering. Today, 31 00:01:52,600 --> 00:01:55,400 Speaker 6: we're going to break that down in multiple ways. We 32 00:01:55,440 --> 00:01:58,000 Speaker 6: are joined by our regulars, Sarah fryar head a Big 33 00:01:58,040 --> 00:02:02,680 Speaker 6: Tech coverage Hello, Sarah, Hello, Dana Hull are one and 34 00:02:02,720 --> 00:02:05,240 Speaker 6: only Elon Musk reporter, Hey, Dana. 35 00:02:05,400 --> 00:02:07,520 Speaker 1: Elon belongs to all of us, Hey, Hey. 36 00:02:07,960 --> 00:02:10,720 Speaker 6: And then later on we'll be joined by a new guest, 37 00:02:10,800 --> 00:02:13,520 Speaker 6: Tom Maloney, a member of Bloomberg's wealth team, who will 38 00:02:13,560 --> 00:02:17,400 Speaker 6: come and talk to us about Musk's money before we 39 00:02:17,480 --> 00:02:20,560 Speaker 6: get there. Just to catch people up if you weren't 40 00:02:20,600 --> 00:02:25,040 Speaker 6: following this on Twitter or on the news or wherever else. 41 00:02:25,440 --> 00:02:28,840 Speaker 6: Elon has basically been camped out in mar A Lago 42 00:02:29,040 --> 00:02:31,400 Speaker 6: for the week. He went there for the victory party 43 00:02:31,919 --> 00:02:34,760 Speaker 6: and Dan I think he actually did leave briefly to 44 00:02:34,760 --> 00:02:37,959 Speaker 6: go to Texas, but more or less, he's with Trump 45 00:02:38,000 --> 00:02:40,880 Speaker 6: now right. He's at the right hand of the soon 46 00:02:40,880 --> 00:02:42,320 Speaker 6: to be president of the United States. 47 00:02:42,600 --> 00:02:44,560 Speaker 1: Yeah, I think he briefly went home to Austin, but 48 00:02:44,600 --> 00:02:47,359 Speaker 1: then he went back and there's all these photographs of him, 49 00:02:47,480 --> 00:02:50,320 Speaker 1: like sitting around with Trump at the golf course and 50 00:02:50,360 --> 00:02:53,720 Speaker 1: hanging out with the whole extended Trump clan, and he 51 00:02:53,840 --> 00:02:56,480 Speaker 1: posted something about how like it was a great first 52 00:02:56,560 --> 00:02:59,200 Speaker 1: day of the transition team, Like he is totally camped 53 00:02:59,200 --> 00:03:01,600 Speaker 1: out there and like talking to foreign leaders. 54 00:03:02,040 --> 00:03:06,400 Speaker 6: Sarah, what is going on with this aspect of kind 55 00:03:06,440 --> 00:03:09,480 Speaker 6: of like the Elon Musk transition era or whatever, Like 56 00:03:09,800 --> 00:03:13,160 Speaker 6: these family photos. There was a family photo on election night, 57 00:03:13,160 --> 00:03:17,080 Speaker 6: I believe, posted by Kai Trump, who's Trump's granddaughter, where 58 00:03:17,160 --> 00:03:20,520 Speaker 6: like all the Trump's are there, but there's no Millenia 59 00:03:20,880 --> 00:03:23,200 Speaker 6: and no JD Vance And then there's Elon Musk. 60 00:03:23,480 --> 00:03:26,480 Speaker 5: Is Elon trying to what do we take away from this? 61 00:03:26,800 --> 00:03:28,760 Speaker 7: He's getting his money's worth. I mean, I think we've 62 00:03:28,800 --> 00:03:31,560 Speaker 7: always known that Donald Trump is a bit of a 63 00:03:31,600 --> 00:03:35,920 Speaker 7: favor operated president, and Elon Musk just gave him the 64 00:03:35,920 --> 00:03:40,240 Speaker 7: biggest favor of all, helping him score the presidency and 65 00:03:40,280 --> 00:03:44,760 Speaker 7: giving him the full support of a media organization in 66 00:03:45,160 --> 00:03:50,120 Speaker 7: x And that is loyalty that Trump recognizes, and it 67 00:03:50,200 --> 00:03:52,760 Speaker 7: is going to be very powerful. It's going to make 68 00:03:52,800 --> 00:03:56,480 Speaker 7: that whole forty four billion Twitter acquisition worth it if 69 00:03:56,520 --> 00:03:59,800 Speaker 7: he can maintain the relationship. So now it's really important 70 00:03:59,840 --> 00:04:03,800 Speaker 7: that Musk, I guess, continued to show up for Trump 71 00:04:03,800 --> 00:04:06,760 Speaker 7: and continue to stay on his side because there's a 72 00:04:06,760 --> 00:04:10,760 Speaker 7: lot at stake. There's the government contracts, there's influence over 73 00:04:11,040 --> 00:04:15,360 Speaker 7: over future policy, there's influence over foreign policy. He may 74 00:04:15,720 --> 00:04:18,080 Speaker 7: have a hand in picking the Senate majority leader. This 75 00:04:18,160 --> 00:04:21,120 Speaker 7: is this is a key moment for Elon Muskin and 76 00:04:21,120 --> 00:04:22,200 Speaker 7: honestly for Donald Trump. 77 00:04:22,440 --> 00:04:25,719 Speaker 6: Elon's foreign policy, as far as I could tell ahead 78 00:04:25,839 --> 00:04:29,479 Speaker 6: of the election, is sort of twofold. He's he's a peacenick, 79 00:04:29,760 --> 00:04:33,000 Speaker 6: I guess like he's He has made comments about not 80 00:04:33,040 --> 00:04:35,200 Speaker 6: wanting to have too many wars happen, and he's also 81 00:04:35,360 --> 00:04:38,720 Speaker 6: very much in favor of maximizing the contracts that are 82 00:04:38,760 --> 00:04:42,120 Speaker 6: given to his companies. Dana, were you surprised by this 83 00:04:42,240 --> 00:04:46,360 Speaker 6: call with Zelenski, the president of Ukraine, especially given Musk's 84 00:04:46,600 --> 00:04:49,760 Speaker 6: all separate relationship with Vladimir Putin, the president of Russia. 85 00:04:49,839 --> 00:04:51,760 Speaker 1: Not really, I mean the sense that I got was that, 86 00:04:51,839 --> 00:04:55,120 Speaker 1: like Trump and Elon were probably just like hanging out 87 00:04:55,240 --> 00:04:58,560 Speaker 1: and world leaders recalling and like, so Trump put them 88 00:04:58,600 --> 00:05:01,360 Speaker 1: on speaker and sort of let them know that Elon 89 00:05:01,520 --> 00:05:03,320 Speaker 1: was there in the room. That could be wrong, but 90 00:05:03,360 --> 00:05:06,680 Speaker 1: that's like, that's my assumption, And no, I think it's 91 00:05:06,720 --> 00:05:09,880 Speaker 1: like very very normal Elon. I mean, Elon is like 92 00:05:09,920 --> 00:05:13,720 Speaker 1: a transnational actor, right, he has relationships with foreign governments 93 00:05:13,760 --> 00:05:17,080 Speaker 1: on his own, independent of our State Department, and he 94 00:05:17,160 --> 00:05:19,160 Speaker 1: talks to foreign leaders all the time. So like these 95 00:05:19,200 --> 00:05:22,800 Speaker 1: are people that Musk also knows. I think it's just 96 00:05:23,440 --> 00:05:27,200 Speaker 1: where it's unprecedented for government to sort of operate this way. 97 00:05:27,200 --> 00:05:30,159 Speaker 1: I mean, we've never had a corporate CEO or a 98 00:05:30,200 --> 00:05:34,560 Speaker 1: billionaire like literally right there like side by side with 99 00:05:34,600 --> 00:05:37,960 Speaker 1: the President elect, helping to shape the transition team and 100 00:05:38,040 --> 00:05:41,479 Speaker 1: like taking all these calls with foreign leaders in such 101 00:05:41,480 --> 00:05:43,880 Speaker 1: a stark way before. So that's what's really striking. But 102 00:05:43,920 --> 00:05:46,800 Speaker 1: it doesn't surprise me that the Trump patched Elon in 103 00:05:46,920 --> 00:05:47,680 Speaker 1: or that Elon. 104 00:05:47,520 --> 00:05:50,400 Speaker 6: Is doing this. Yeah, I believe we've also seen reports 105 00:05:50,440 --> 00:05:53,960 Speaker 6: of calls with the leader of Turkey as well as 106 00:05:54,000 --> 00:05:56,400 Speaker 6: I think, Dana, you sent me a news story this 107 00:05:56,440 --> 00:06:02,479 Speaker 6: morning about a Serbia right kind of a near East portfolio, 108 00:06:02,520 --> 00:06:07,880 Speaker 6: I guess for now, Sarah. You mentioned also domestic politics, 109 00:06:07,960 --> 00:06:10,520 Speaker 6: Elon sort of created a poll, I guess, to see 110 00:06:10,520 --> 00:06:12,040 Speaker 6: who should be the Senate majority leader. 111 00:06:12,440 --> 00:06:17,200 Speaker 7: We're talking about a man who sees no boundaries between 112 00:06:17,240 --> 00:06:21,240 Speaker 7: his companies. He mix and matches talent where he needs 113 00:06:21,279 --> 00:06:25,080 Speaker 7: it to go, whether that's a SpaceX or boring or X. 114 00:06:25,480 --> 00:06:28,720 Speaker 7: He has certain people that he really trusts, and certain 115 00:06:28,760 --> 00:06:30,480 Speaker 7: people who are as allies and certain people who are 116 00:06:30,480 --> 00:06:35,720 Speaker 7: as enemies, and he doesn't really see the silos of like, 117 00:06:35,800 --> 00:06:38,920 Speaker 7: this is the team for boring companies. So I'm you know, 118 00:06:38,960 --> 00:06:42,039 Speaker 7: cannibalizing that if I take them to neuralink, whatever thing 119 00:06:42,120 --> 00:06:45,240 Speaker 7: is on fire, he turns his attention to. And so 120 00:06:46,279 --> 00:06:49,720 Speaker 7: this is a moment for him to just go into 121 00:06:49,800 --> 00:06:52,479 Speaker 7: launch mode really with the US government. 122 00:06:52,720 --> 00:06:56,000 Speaker 6: Okay, so in the next couple of months, there's going 123 00:06:56,040 --> 00:06:59,600 Speaker 6: to be this jockeying among all these people who who 124 00:06:59,640 --> 00:07:01,760 Speaker 6: want to have influence in the White House, and I 125 00:07:01,800 --> 00:07:05,320 Speaker 6: feel like we're maybe already seeing a little bit of that. 126 00:07:05,440 --> 00:07:05,800 Speaker 5: Jocking. 127 00:07:06,120 --> 00:07:10,680 Speaker 6: Howard Lutnik went on CNN and he described Musk's role 128 00:07:10,960 --> 00:07:14,560 Speaker 6: in the you know, in the new administration in what 129 00:07:14,560 --> 00:07:16,960 Speaker 6: I would say are kind of narrow terms. He said, Oh, 130 00:07:16,960 --> 00:07:19,360 Speaker 6: he's going to write some software and then give us 131 00:07:19,440 --> 00:07:22,320 Speaker 6: that software. He's gonna he's not going to be part 132 00:07:22,360 --> 00:07:24,800 Speaker 6: of the government. He's not going to be making decisions. 133 00:07:25,240 --> 00:07:27,120 Speaker 6: What do you make of that? Like, and do you 134 00:07:27,160 --> 00:07:29,600 Speaker 6: think is that how Elon understands it? Is that actually 135 00:07:29,680 --> 00:07:32,120 Speaker 6: what he's going to do what's happening right now? 136 00:07:32,440 --> 00:07:36,360 Speaker 7: Also, it just is so imagine you could just write 137 00:07:36,400 --> 00:07:38,920 Speaker 7: software and give it to the government and say here 138 00:07:38,960 --> 00:07:41,200 Speaker 7: you go, Now your government's fixed. Like, that's just not 139 00:07:41,240 --> 00:07:44,120 Speaker 7: how the government works, and that's not how Elon works. 140 00:07:44,520 --> 00:07:48,400 Speaker 7: What I imagine might happen is We've talked about this before, 141 00:07:48,440 --> 00:07:53,160 Speaker 7: but the Department of Government Efficiency, the DOGE leadership type 142 00:07:53,360 --> 00:07:57,280 Speaker 7: of job that Trump is thinking of giving Musk would 143 00:07:57,280 --> 00:08:01,600 Speaker 7: really allow him to be in charge of slash and 144 00:08:01,640 --> 00:08:05,280 Speaker 7: burn the way he was at X. I imagine him 145 00:08:05,280 --> 00:08:07,440 Speaker 7: going into these agencies and saying, who are your most 146 00:08:07,480 --> 00:08:11,320 Speaker 7: productive people? Who can you afford to lose? Send me 147 00:08:11,360 --> 00:08:15,480 Speaker 7: a list of your accomplishments this week and every week. 148 00:08:15,720 --> 00:08:18,080 Speaker 7: You know, how many lines of code have you written? 149 00:08:18,480 --> 00:08:21,280 Speaker 7: Like that sort of thing that he did it X 150 00:08:21,320 --> 00:08:23,840 Speaker 7: and replicating it for the US government to the extent 151 00:08:23,880 --> 00:08:25,120 Speaker 7: that the law allows him to. 152 00:08:26,000 --> 00:08:27,880 Speaker 1: I think one question I have is just about the 153 00:08:27,880 --> 00:08:31,080 Speaker 1: epics of it all. Like today, John Paulson, who a 154 00:08:31,120 --> 00:08:33,640 Speaker 1: lot of people had been floating to be Treasury Secretary, 155 00:08:33,679 --> 00:08:36,600 Speaker 1: basically came out and he said, like, I'm ecstatic that 156 00:08:36,600 --> 00:08:40,200 Speaker 1: Trump is in office, but my complex financial obligations would 157 00:08:40,200 --> 00:08:43,720 Speaker 1: prevent me from holding an official position and President Trump's 158 00:08:43,720 --> 00:08:46,560 Speaker 1: administration at this time. So Paulson is basically a no 159 00:08:46,760 --> 00:08:47,880 Speaker 1: for Treasury secretary. 160 00:08:48,280 --> 00:08:52,960 Speaker 6: So I love that. Imagine having such complex financial arrangements. 161 00:08:53,559 --> 00:08:57,199 Speaker 1: No one has more complex financial arrangements than Elon Musk. 162 00:08:57,240 --> 00:09:01,520 Speaker 1: He runs six companies. SpaceX is an annoy ormous government contractor, 163 00:09:01,960 --> 00:09:04,960 Speaker 1: Tesla is a huge beneficiary of the Inflation Reduction Act. 164 00:09:05,520 --> 00:09:09,319 Speaker 1: So like, that's my big question, Like is this doge 165 00:09:09,400 --> 00:09:12,480 Speaker 1: thing just an advisory role that allows him to keep 166 00:09:12,520 --> 00:09:15,000 Speaker 1: all of his companies, And in that sense, if it's 167 00:09:15,040 --> 00:09:18,760 Speaker 1: only advisory, like what is the actual remit or does 168 00:09:18,760 --> 00:09:21,120 Speaker 1: he actually have like a job job in the government, 169 00:09:21,160 --> 00:09:24,240 Speaker 1: And in which case does he have to abide by 170 00:09:24,280 --> 00:09:26,480 Speaker 1: ethical rules or are those ethical rules about to go 171 00:09:26,520 --> 00:09:27,080 Speaker 1: out the window. 172 00:09:27,400 --> 00:09:29,840 Speaker 6: I mean, my take is that he's definitely not going 173 00:09:29,920 --> 00:09:32,559 Speaker 6: to join the administration. I feel like Trump has said it. 174 00:09:33,080 --> 00:09:35,440 Speaker 6: Lutnick said it the other day. You know, Trump has 175 00:09:35,480 --> 00:09:38,920 Speaker 6: said repeatedly on the on the stump during the campaign, 176 00:09:39,000 --> 00:09:42,000 Speaker 6: like he doesn't have enough time to do this. And 177 00:09:42,360 --> 00:09:44,720 Speaker 6: I think you're right, Dan, and like it's not just 178 00:09:44,760 --> 00:09:47,880 Speaker 6: because it would be complicated in the John Paulson sense, 179 00:09:47,880 --> 00:09:51,440 Speaker 6: although who knows what's behind that complication. It's that Elon 180 00:09:51,559 --> 00:09:54,760 Speaker 6: Musk doesn't want to right the whole point. And I 181 00:09:54,760 --> 00:09:58,200 Speaker 6: think he's made as clear of like joining the administration 182 00:09:58,320 --> 00:10:01,040 Speaker 6: or taking on an advisory role is so it can 183 00:10:01,080 --> 00:10:03,400 Speaker 6: help his companies. It's not like he doesn't want to 184 00:10:03,400 --> 00:10:05,319 Speaker 6: give that the That's the whole point of this is 185 00:10:05,600 --> 00:10:08,320 Speaker 6: my reading. But I do think it makes you wonder 186 00:10:09,080 --> 00:10:12,319 Speaker 6: how long could this last? And like should we already 187 00:10:12,400 --> 00:10:17,320 Speaker 6: be on Like, you know, Elon Musk Trump feud watch. 188 00:10:17,640 --> 00:10:20,440 Speaker 1: I think you're gonna see some real tests of Musk's 189 00:10:20,520 --> 00:10:23,000 Speaker 1: power this week, right, Like who is the Senate majority 190 00:10:23,240 --> 00:10:25,360 Speaker 1: leader going to be? Like Musk has thrown his weight 191 00:10:25,400 --> 00:10:28,920 Speaker 1: behind Scott, who's like not particularly popular among the Senate. 192 00:10:29,040 --> 00:10:31,600 Speaker 1: So like is the non Maga wing of the Republican 193 00:10:31,640 --> 00:10:33,000 Speaker 1: Party going to try to be like a check and 194 00:10:33,040 --> 00:10:37,120 Speaker 1: balance to that and similarly, like a least stephonic right, 195 00:10:37,240 --> 00:10:39,760 Speaker 1: like Musk was saying, Oh, she's great, but she should 196 00:10:39,800 --> 00:10:42,360 Speaker 1: really stay in the house, But she's not staying in 197 00:10:42,400 --> 00:10:45,120 Speaker 1: the house, like she's just been nominated to be the 198 00:10:46,000 --> 00:10:49,720 Speaker 1: delegate to the un So like Musk isn't getting everything 199 00:10:49,760 --> 00:10:52,120 Speaker 1: that he wants, even though he's being very public about 200 00:10:52,160 --> 00:10:55,160 Speaker 1: what he wants. And so it'll just be interesting to see, 201 00:10:55,160 --> 00:10:58,079 Speaker 1: like behind the scenes within the Republican Party, like what 202 00:10:58,120 --> 00:11:00,440 Speaker 1: efforts are ma to kind of be a check on 203 00:11:00,640 --> 00:11:02,959 Speaker 1: what seems to be his unbridled power right now. 204 00:11:03,440 --> 00:11:06,840 Speaker 7: It would be hard if you're a politician and you 205 00:11:07,040 --> 00:11:12,000 Speaker 7: have to be feeling the whiplash of Trump's leadership already, 206 00:11:12,160 --> 00:11:16,320 Speaker 7: right he changes his mind based on who he talked 207 00:11:16,360 --> 00:11:19,920 Speaker 7: to last, he tweets about it or posts about it, 208 00:11:19,960 --> 00:11:23,800 Speaker 7: and then the whole government has to shift to be 209 00:11:23,920 --> 00:11:27,800 Speaker 7: loyal to something like that and then simultaneously be loyal 210 00:11:27,840 --> 00:11:32,719 Speaker 7: to Elon Musk, who has similar behavioral characteristics of you know, 211 00:11:32,840 --> 00:11:35,640 Speaker 7: being very strong minded about what he thinks is the 212 00:11:35,640 --> 00:11:39,720 Speaker 7: best way to do things that seems very difficult. And 213 00:11:39,760 --> 00:11:42,760 Speaker 7: also the idea that Musk is is very much in 214 00:11:42,760 --> 00:11:47,240 Speaker 7: the spotlight you know, on stage pictured with Trump. For 215 00:11:47,360 --> 00:11:50,360 Speaker 7: how long is Trump going to be able to seed 216 00:11:51,080 --> 00:11:53,200 Speaker 7: the spotlight to Elon Musk? 217 00:11:57,640 --> 00:12:01,520 Speaker 6: Okay, So huge week for Elon in politics and there's 218 00:12:01,559 --> 00:12:03,800 Speaker 6: gonna be lots for us to talk about in the 219 00:12:03,800 --> 00:12:04,480 Speaker 6: weeks to come. 220 00:12:04,720 --> 00:12:05,240 Speaker 5: But it was. 221 00:12:05,360 --> 00:12:09,240 Speaker 6: Also a huge week for Elon's bank account. And to 222 00:12:09,320 --> 00:12:11,720 Speaker 6: break that down, we have the perfect guest, Tom Maloney, 223 00:12:11,920 --> 00:12:14,920 Speaker 6: a member of Bloomberg's wealth team who has been crunching 224 00:12:14,920 --> 00:12:17,440 Speaker 6: the numbers on Elon Musk's wealth and is coming to 225 00:12:17,440 --> 00:12:18,040 Speaker 6: talk about it. 226 00:12:18,280 --> 00:12:21,760 Speaker 5: Tom, Thanks for being on Eloni. Thanks bys Tom. How 227 00:12:21,800 --> 00:12:23,320 Speaker 5: wealthy is Elon Musk? 228 00:12:24,240 --> 00:12:26,520 Speaker 2: He's worth more than three hundred and thirty billion, so 229 00:12:26,679 --> 00:12:29,360 Speaker 2: he's very near he's wealthiest ever, which was about three 230 00:12:29,440 --> 00:12:31,800 Speaker 2: hundred and forty billion. About two thirds of that comes 231 00:12:31,840 --> 00:12:35,400 Speaker 2: from Tesla stock and options, and then a big chunk 232 00:12:35,400 --> 00:12:38,360 Speaker 2: of that comes from SpaceX that's valued about two hundred 233 00:12:38,360 --> 00:12:42,080 Speaker 2: and ten billion earns forty two percent of that then XII, Twitter, 234 00:12:42,320 --> 00:12:45,600 Speaker 2: Neuralink boring company kind of around the rest of that album. 235 00:12:45,640 --> 00:12:48,560 Speaker 6: So were you on the well team, were you guys 236 00:12:48,640 --> 00:12:52,240 Speaker 6: like preparing for what happened last week? I mean, and 237 00:12:52,240 --> 00:12:56,319 Speaker 6: if people don't know the Tesla stock went up like crazy. 238 00:12:56,360 --> 00:12:58,640 Speaker 6: I think was around forty up to forty percent as 239 00:12:58,679 --> 00:13:01,880 Speaker 6: of yesterday, I believe as a Monday, and that sent 240 00:13:02,040 --> 00:13:05,160 Speaker 6: Musk's wealth up, I don't know, from the election night 241 00:13:05,200 --> 00:13:06,680 Speaker 6: to now, what's the game been. 242 00:13:06,640 --> 00:13:09,720 Speaker 2: More than seventy billion. And just to put that in context, 243 00:13:09,720 --> 00:13:12,120 Speaker 2: seventy billion is the net worth of Charles Koch, who's 244 00:13:12,120 --> 00:13:15,440 Speaker 2: the twenty second richest person on the planet, and Musk 245 00:13:15,520 --> 00:13:16,480 Speaker 2: has out of that in a week. 246 00:13:16,880 --> 00:13:21,160 Speaker 6: Yeah. I found this really interesting just because, like before 247 00:13:21,240 --> 00:13:24,560 Speaker 6: the election, and you know, we've been telling this story 248 00:13:24,720 --> 00:13:27,840 Speaker 6: over several years of all the problems at Twitter. He's 249 00:13:27,880 --> 00:13:31,040 Speaker 6: possibly lost I don't know, twenty or thirty billion dollars 250 00:13:31,040 --> 00:13:34,280 Speaker 6: Sarah right on on the acquisition of Twitter. But it's 251 00:13:34,320 --> 00:13:36,800 Speaker 6: like he made it all back in three days. 252 00:13:37,120 --> 00:13:39,280 Speaker 7: It's wild And this is what we were talking about 253 00:13:39,320 --> 00:13:43,920 Speaker 7: when he acquired Twitter, right, Like, this is really not 254 00:13:44,280 --> 00:13:46,319 Speaker 7: about the money now. 255 00:13:46,480 --> 00:13:46,640 Speaker 6: Right. 256 00:13:46,720 --> 00:13:49,280 Speaker 7: If you look at Twitter and you look at what 257 00:13:49,320 --> 00:13:51,520 Speaker 7: it makes and what it does and how big it 258 00:13:51,600 --> 00:13:54,880 Speaker 7: is and how it's shrinking, there's no way that's worth 259 00:13:54,920 --> 00:13:57,839 Speaker 7: forty four billion, And that's exactly what financial analysts looking 260 00:13:57,840 --> 00:14:01,280 Speaker 7: at as But you know, our colleague Kurt Wagner how 261 00:14:01,280 --> 00:14:04,000 Speaker 7: to call him this week, forty four billion looks cheap 262 00:14:04,400 --> 00:14:06,160 Speaker 7: if you're Elon Musk and you have as much money 263 00:14:06,160 --> 00:14:08,920 Speaker 7: as he does to gain this level of influence over 264 00:14:08,960 --> 00:14:11,400 Speaker 7: the US government and the future of policy. 265 00:14:11,720 --> 00:14:14,280 Speaker 6: Yeah, I think we need to start. I mean, and 266 00:14:14,320 --> 00:14:16,280 Speaker 6: I feel like if you've been listening to this podcast 267 00:14:16,360 --> 00:14:18,720 Speaker 6: for a year, you are not going to be surprised. 268 00:14:18,760 --> 00:14:21,920 Speaker 6: But like, there aren't like what six companies, and I 269 00:14:21,920 --> 00:14:24,400 Speaker 6: guess now a seventh company with America Pack. There's like 270 00:14:24,640 --> 00:14:29,320 Speaker 6: one Elon Musk conglomerate. And Twitter is the media arm 271 00:14:29,520 --> 00:14:31,520 Speaker 6: of the Elon Musk conglomerate, right, Dana. 272 00:14:32,080 --> 00:14:34,600 Speaker 1: Oh yeah, absolutely, one hundred percent. And like we need 273 00:14:34,640 --> 00:14:37,200 Speaker 1: to stop kind of thinking of it as like this 274 00:14:37,360 --> 00:14:41,440 Speaker 1: failing business that has alienated advertisers and is losing users 275 00:14:41,520 --> 00:14:43,760 Speaker 1: left and right. Like it has served it is serving 276 00:14:43,800 --> 00:14:47,800 Speaker 1: its purpose as a megaphone for Musk his politics for 277 00:14:47,920 --> 00:14:50,560 Speaker 1: now the Trump administration, I mean, for every you know, 278 00:14:50,680 --> 00:14:55,200 Speaker 1: journalists and epidemiologists and climate scientists who's like leaving X 279 00:14:55,280 --> 00:14:58,440 Speaker 1: to go join Blue Sky. A lot of Republicans are 280 00:14:58,480 --> 00:15:00,640 Speaker 1: now using it because it really it is like the 281 00:15:00,680 --> 00:15:03,720 Speaker 1: media arm of the Republican Party, and it's kind of 282 00:15:03,720 --> 00:15:06,480 Speaker 1: become what truth Social set out to be a while ago. 283 00:15:06,640 --> 00:15:09,640 Speaker 1: And so yeah, I think your framing is totally right. 284 00:15:09,720 --> 00:15:10,000 Speaker 6: Max. 285 00:15:10,240 --> 00:15:12,880 Speaker 1: This is the media wing of ELIN Inc. 286 00:15:13,160 --> 00:15:16,440 Speaker 6: Tom, have you started thinking about or is it worth 287 00:15:16,480 --> 00:15:19,760 Speaker 6: starting to think about an exit for Twitter? And when 288 00:15:19,800 --> 00:15:23,120 Speaker 6: you guys are thinking about valuation of Twitter, like, how 289 00:15:23,200 --> 00:15:26,000 Speaker 6: much is it worth if Tesla's valuation goes up forty 290 00:15:26,000 --> 00:15:29,480 Speaker 6: percent just based on kind of like the magic of 291 00:15:29,560 --> 00:15:32,800 Speaker 6: having President elec Donald Trump, Like, what does that do 292 00:15:32,920 --> 00:15:33,800 Speaker 6: to Twitter's valuation? 293 00:15:33,880 --> 00:15:36,000 Speaker 5: How does that affect his net worth? Yeah? 294 00:15:36,040 --> 00:15:38,480 Speaker 2: Look, that's a good question. Could he tenant into a mainstalk? 295 00:15:38,520 --> 00:15:40,520 Speaker 2: I mean you look at Trump media and technology, right, 296 00:15:40,600 --> 00:15:43,400 Speaker 2: It's got truth Social, which is made like a million 297 00:15:43,440 --> 00:15:47,480 Speaker 2: dollars lost quota. It's financially it's terrible, and yet it's 298 00:15:47,560 --> 00:15:51,640 Speaker 2: valued at something like seven or eight billion dollars. So Twitter, 299 00:15:51,840 --> 00:15:54,360 Speaker 2: by that comparison should be with multiple multiple times of that. 300 00:15:54,960 --> 00:15:58,560 Speaker 6: One of the things that Elon said right up right 301 00:15:58,560 --> 00:16:01,320 Speaker 6: before the election, and he reiterated it in a tweet 302 00:16:02,040 --> 00:16:05,640 Speaker 6: this morning was the idea that America pack is going 303 00:16:05,680 --> 00:16:09,320 Speaker 6: to continue putting money into politics. And I think part 304 00:16:09,320 --> 00:16:11,840 Speaker 6: of why he's doing that is because it's a way 305 00:16:11,880 --> 00:16:15,640 Speaker 6: to you know, create some leverage over what's happening in 306 00:16:15,640 --> 00:16:18,920 Speaker 6: the White House right now. Tom, Like, can he just 307 00:16:19,400 --> 00:16:22,840 Speaker 6: spend a couple hundred million dollars every couple of years 308 00:16:22,880 --> 00:16:25,760 Speaker 6: without without incident or like, at what point do those 309 00:16:25,880 --> 00:16:28,920 Speaker 6: liquidity problems that we've talked about with Elon Musk, the 310 00:16:28,920 --> 00:16:31,320 Speaker 6: fact that like most of his net worth is in 311 00:16:31,360 --> 00:16:33,960 Speaker 6: Tesla stock and options, when does that start to become 312 00:16:33,960 --> 00:16:34,280 Speaker 6: a problem. 313 00:16:34,320 --> 00:16:37,280 Speaker 2: Like, I think a couple hundred million is pretty easy 314 00:16:37,320 --> 00:16:39,360 Speaker 2: for him to come up with. I mean, he ran 315 00:16:39,400 --> 00:16:41,680 Speaker 2: into problems when he bought Twitter, and that's when he 316 00:16:41,680 --> 00:16:43,600 Speaker 2: had to sell a bunch of Tesla shes. There were 317 00:16:44,280 --> 00:16:47,320 Speaker 2: margin calls, there were problems with his margin loan that 318 00:16:47,440 --> 00:16:49,640 Speaker 2: was you know, forty four billion dollars and that was 319 00:16:49,680 --> 00:16:52,360 Speaker 2: a big purchase, right and that was a struggle for him. 320 00:16:52,920 --> 00:16:55,840 Speaker 2: But coming up with half a billion dollars a year 321 00:16:55,840 --> 00:16:59,200 Speaker 2: at this point, that's that's pretty straightforward. We don't know 322 00:16:59,280 --> 00:17:02,560 Speaker 2: much about liquidity at this point. He's margin loan with 323 00:17:02,680 --> 00:17:04,720 Speaker 2: Tesla stock has come down a lot. They limited that 324 00:17:04,800 --> 00:17:06,920 Speaker 2: to three and a half billion after the Twitter fiasco. 325 00:17:07,720 --> 00:17:11,240 Speaker 2: He could probably borrow against SpaceX. That's a private company, 326 00:17:11,280 --> 00:17:13,480 Speaker 2: so it's a little bit trickier in terms of liquidity, 327 00:17:13,480 --> 00:17:16,240 Speaker 2: but for private companies, it's probably the most liquid one 328 00:17:16,600 --> 00:17:19,159 Speaker 2: in the world, or at least right up there. So 329 00:17:19,200 --> 00:17:22,520 Speaker 2: he has ways of raising money, and certainly coming up 330 00:17:22,560 --> 00:17:24,359 Speaker 2: with that sort of money I think is very easy 331 00:17:24,359 --> 00:17:29,240 Speaker 2: for him. 332 00:17:29,480 --> 00:17:32,520 Speaker 6: How do you think about what SpaceX is worth and 333 00:17:32,560 --> 00:17:35,479 Speaker 6: how much what this stuff that we've heard about and 334 00:17:35,560 --> 00:17:37,600 Speaker 6: talked about and that Dana and I on the on 335 00:17:37,640 --> 00:17:40,280 Speaker 6: the Citizen Elon podcast which is all about the election 336 00:17:40,680 --> 00:17:42,840 Speaker 6: that we've talked about, like, how do you figure out 337 00:17:43,040 --> 00:17:44,680 Speaker 6: how that's going to be how much that's going to 338 00:17:44,720 --> 00:17:45,520 Speaker 6: be worth to Elon? 339 00:17:45,840 --> 00:17:48,640 Speaker 2: I mean, from a perspective evaluation, we only care about 340 00:17:48,680 --> 00:17:51,280 Speaker 2: what it's worth now. But if you're asking what is 341 00:17:51,320 --> 00:17:54,560 Speaker 2: going to drive his wealth in the future, I mean 342 00:17:54,600 --> 00:17:57,040 Speaker 2: you've got to think SpaceX and XAI is where the 343 00:17:57,040 --> 00:18:01,480 Speaker 2: most potential is, especially with Tesla. But it's worth versus 344 00:18:01,560 --> 00:18:03,320 Speaker 2: you know what its revenue is and how many cars 345 00:18:03,320 --> 00:18:07,360 Speaker 2: it's selling. It's it's hard to imagine the trajectory it's 346 00:18:07,400 --> 00:18:11,120 Speaker 2: on now kind of continuing indefinitely, and it's come down 347 00:18:11,160 --> 00:18:13,080 Speaker 2: a lot in the past. I mean, Mosca is the 348 00:18:13,119 --> 00:18:14,960 Speaker 2: only person in the world who's lost more than two 349 00:18:15,040 --> 00:18:17,920 Speaker 2: hundred billion at some point as well. So he's always 350 00:18:17,920 --> 00:18:21,880 Speaker 2: had a volatile fortune and that's because of Tesla SpaceX though, 351 00:18:22,000 --> 00:18:23,920 Speaker 2: So that's a company that is a huge amount of 352 00:18:23,960 --> 00:18:27,960 Speaker 2: potential and XAI, even if that was worth as much 353 00:18:28,000 --> 00:18:32,280 Speaker 2: as open Ai, then that would boost his fortune by multiples, 354 00:18:32,280 --> 00:18:34,840 Speaker 2: you know, he would add another one hundred billion or 355 00:18:34,880 --> 00:18:35,679 Speaker 2: something to his fortune. 356 00:18:35,720 --> 00:18:39,200 Speaker 6: Did SpaceX's value also go up overnight when Trump got elected? 357 00:18:39,800 --> 00:18:41,720 Speaker 2: No, well we don't. We look at when it was 358 00:18:41,800 --> 00:18:44,399 Speaker 2: last valued, So that was back in June when it 359 00:18:44,600 --> 00:18:47,040 Speaker 2: did a fundraising at two hundred and ten billion. Do 360 00:18:47,119 --> 00:18:48,639 Speaker 2: I think it's worth that now, No, I think it's 361 00:18:48,640 --> 00:18:49,640 Speaker 2: probably worth substing. 362 00:18:49,640 --> 00:18:51,359 Speaker 6: But in terms of the Bloomberg model, which is what 363 00:18:51,400 --> 00:18:54,560 Speaker 6: you're citing exactly, the big appreciation is just. 364 00:18:54,480 --> 00:18:56,479 Speaker 5: In his Tesla shares. 365 00:18:56,520 --> 00:18:59,760 Speaker 2: I'm guessing most of it he's added about the seventy 366 00:18:59,760 --> 00:19:01,960 Speaker 2: bills that he's added in the last week comes from 367 00:19:01,960 --> 00:19:04,560 Speaker 2: his Tesla sches. This year he's added about one hundred billion, 368 00:19:04,600 --> 00:19:07,280 Speaker 2: and I think the rest of that comes from XII 369 00:19:07,480 --> 00:19:08,240 Speaker 2: and SPICEX. 370 00:19:09,280 --> 00:19:14,280 Speaker 6: Sarah, just stepping back a minute from Elon Musk and 371 00:19:14,359 --> 00:19:17,960 Speaker 6: just looking at the world of Silicon Valley, how do 372 00:19:18,040 --> 00:19:20,159 Speaker 6: you think this is going to be processed by like 373 00:19:20,240 --> 00:19:23,399 Speaker 6: the other you know, want to be oligarchs in the 374 00:19:23,440 --> 00:19:25,680 Speaker 6: tech industry, the people who you know, there are a 375 00:19:25,680 --> 00:19:28,120 Speaker 6: lot of people who really look up to Elon, Like 376 00:19:28,280 --> 00:19:30,520 Speaker 6: are people just seeing this as like, oh my god, 377 00:19:30,920 --> 00:19:32,919 Speaker 6: this his bet paid off, Like now I need to 378 00:19:33,359 --> 00:19:36,360 Speaker 6: somehow either get close to Trump or get get into politics, 379 00:19:36,440 --> 00:19:38,639 Speaker 6: or like how is this playing kind of in the 380 00:19:38,680 --> 00:19:40,800 Speaker 6: wider world of Silicon Valley. 381 00:19:41,440 --> 00:19:43,880 Speaker 7: I think there's sort of two camps that I see. 382 00:19:43,920 --> 00:19:47,480 Speaker 7: There's the the people who are now going very silent 383 00:19:47,680 --> 00:19:52,080 Speaker 7: because they don't want to ruffle Elon's feathers or Truan's 384 00:19:52,119 --> 00:19:55,199 Speaker 7: feathers or you know, try to make any waves and 385 00:19:55,240 --> 00:19:59,480 Speaker 7: they want to stay in good graces just for being technologists. 386 00:20:00,040 --> 00:20:02,440 Speaker 7: And then then there are people that are clearly trying 387 00:20:02,480 --> 00:20:06,440 Speaker 7: to angle to to have to think about like how 388 00:20:06,520 --> 00:20:08,360 Speaker 7: Elon got what he got, and I'm sure that we'll 389 00:20:08,359 --> 00:20:12,719 Speaker 7: see a lot more trying to replicate that success for 390 00:20:12,800 --> 00:20:16,320 Speaker 7: their businesses. I do think that there might be a 391 00:20:16,359 --> 00:20:20,720 Speaker 7: backlash to all this culturally, Like I think that there 392 00:20:20,840 --> 00:20:23,119 Speaker 7: was already you know, and I think you and I 393 00:20:23,119 --> 00:20:25,960 Speaker 7: were talking about this yesterday, Max, like the era of 394 00:20:26,080 --> 00:20:32,760 Speaker 7: like tech optimism about growth and designing the future, and 395 00:20:32,800 --> 00:20:35,000 Speaker 7: we were just seeing a lot of like cultural backlash 396 00:20:35,119 --> 00:20:39,600 Speaker 7: to the idea of Musks so close to the government 397 00:20:39,640 --> 00:20:41,440 Speaker 7: and like what that might mean for all of us. 398 00:20:41,800 --> 00:20:44,600 Speaker 7: And then there are people that hope that his proximity 399 00:20:44,600 --> 00:20:47,959 Speaker 7: to Trump means that Trump's climate policies won't be as 400 00:20:48,040 --> 00:20:48,840 Speaker 7: much of a disaster. 401 00:20:49,560 --> 00:20:52,080 Speaker 1: I love the theory that like Musk isn't actually right 402 00:20:52,119 --> 00:20:54,720 Speaker 1: wing Mega, He's just like pretending to be right wing 403 00:20:54,760 --> 00:20:57,359 Speaker 1: magass so he can sort of trojan horse it and 404 00:20:57,440 --> 00:21:00,760 Speaker 1: like get into the government and then can vince Musk 405 00:21:00,880 --> 00:21:04,359 Speaker 1: that they's trojanhorsing it and is going to convince Trump 406 00:21:04,400 --> 00:21:08,000 Speaker 1: that electric vehicles are great, windmills aren't so bad, solar 407 00:21:08,160 --> 00:21:11,000 Speaker 1: energy is the future, and I mean, if that came 408 00:21:11,040 --> 00:21:13,679 Speaker 1: to pass, that would be remarkable. I don't believe in 409 00:21:13,680 --> 00:21:16,000 Speaker 1: that theory personally, but that is a theory. 410 00:21:16,800 --> 00:21:19,240 Speaker 6: Yeah. I mean, I feel like it's totally runs counter 411 00:21:19,320 --> 00:21:22,720 Speaker 6: to almost everything he said and Trump said over the 412 00:21:22,800 --> 00:21:26,119 Speaker 6: last year. Right, all right, Dana, we are going to 413 00:21:26,200 --> 00:21:29,040 Speaker 6: let you go and get back to the important business 414 00:21:29,080 --> 00:21:32,080 Speaker 6: of reporting on on the crazy things that are happening. 415 00:21:32,160 --> 00:21:34,160 Speaker 5: I'll see you soon. Thanks for being here. 416 00:21:34,240 --> 00:21:34,640 Speaker 1: Take care. 417 00:21:38,560 --> 00:21:41,000 Speaker 6: So Sarah brought up this idea of a tech lash, 418 00:21:41,240 --> 00:21:43,040 Speaker 6: and I think we actually got a preview this week 419 00:21:43,040 --> 00:21:45,199 Speaker 6: and we're going to talk about it for our semi 420 00:21:45,200 --> 00:21:48,160 Speaker 6: regular feud segment few to the week, and this one 421 00:21:48,240 --> 00:21:53,840 Speaker 6: stars cultural icon Olivia Rodrigo against I guess guys who 422 00:21:53,920 --> 00:21:54,760 Speaker 6: want to go to space? 423 00:21:54,840 --> 00:21:57,400 Speaker 5: Let's give a listen the guests my vig. 424 00:21:57,480 --> 00:22:01,159 Speaker 8: Okay, this is a very odd specific question that I 425 00:22:01,280 --> 00:22:05,400 Speaker 8: ask guys on first dates. I always ask them if 426 00:22:05,440 --> 00:22:08,080 Speaker 8: they think that they would want to go to space, 427 00:22:08,720 --> 00:22:12,119 Speaker 8: and if they say yes, I don't date. I just 428 00:22:12,200 --> 00:22:13,960 Speaker 8: think if you want to go to space, you're a 429 00:22:14,000 --> 00:22:17,000 Speaker 8: little too full of yourself. I think it's just weird. 430 00:22:18,840 --> 00:22:22,320 Speaker 6: Uh, Sarah, she's talking about Elon Musk, right, Oh? 431 00:22:22,359 --> 00:22:26,040 Speaker 7: Absolutely. I mean I think that this is a theme 432 00:22:26,040 --> 00:22:29,399 Speaker 7: I've also seen in it is. It's really not just 433 00:22:29,600 --> 00:22:33,800 Speaker 7: Elon Musk. It's this idea of like men who are 434 00:22:34,600 --> 00:22:38,320 Speaker 7: so disconnected from human connection and how to actually develop 435 00:22:38,680 --> 00:22:42,399 Speaker 7: human connection. They're so deeply invested in this Musk world 436 00:22:42,600 --> 00:22:45,520 Speaker 7: and like the Manisphere. I've seen other kind of tech 437 00:22:45,640 --> 00:22:50,119 Speaker 7: lash cultural tweets like this and memes where people are like, oh, 438 00:22:50,240 --> 00:22:53,240 Speaker 7: if you suggest that I use chat GBT to solve 439 00:22:53,280 --> 00:22:55,960 Speaker 7: a problem on the first date, Like, I'm you know, 440 00:22:56,200 --> 00:22:57,480 Speaker 7: you're not going to get a second date. 441 00:22:57,680 --> 00:22:59,760 Speaker 5: I think this is really bad for Elon Musk. 442 00:22:59,760 --> 00:23:02,440 Speaker 6: I mean, I know this is not obviously you know, 443 00:23:02,600 --> 00:23:06,200 Speaker 6: this isn't a ROBOTAXI you know, crashing or something. This 444 00:23:06,359 --> 00:23:08,960 Speaker 6: isn't this isn't a rocket failing to launch. But this 445 00:23:09,119 --> 00:23:13,120 Speaker 6: seems like the canary in the coal mine that could 446 00:23:13,359 --> 00:23:16,520 Speaker 6: pretend what Sarah is talking about tom a you know, 447 00:23:16,800 --> 00:23:20,760 Speaker 6: monumental tech lash, a tech lash where basically all the 448 00:23:20,880 --> 00:23:24,720 Speaker 6: cool people decide that like Elon Musk and anybody like 449 00:23:24,840 --> 00:23:26,680 Speaker 6: him doesn't belong in their community. 450 00:23:26,720 --> 00:23:28,280 Speaker 5: I mean, what do you make of this? 451 00:23:28,560 --> 00:23:32,560 Speaker 6: How are you incorporating this into the Bloomberg billionaires model? 452 00:23:34,040 --> 00:23:37,359 Speaker 2: I feel like Musk has always wanted to be cool 453 00:23:37,440 --> 00:23:41,119 Speaker 2: but has always been on the outside, and this is 454 00:23:41,240 --> 00:23:43,720 Speaker 2: just kind of more of the same. Right, So is 455 00:23:43,800 --> 00:23:45,760 Speaker 2: this really going to change his trajectory in any way? 456 00:23:45,800 --> 00:23:46,320 Speaker 6: I don't think so. 457 00:23:46,520 --> 00:23:49,199 Speaker 2: I mean, it's just one more blow and he's going 458 00:23:49,240 --> 00:23:51,600 Speaker 2: to just continue with his quest to go to space 459 00:23:51,680 --> 00:23:54,960 Speaker 2: and hopefully he'll make more like minded people on Moss. 460 00:23:55,760 --> 00:23:58,240 Speaker 6: So Sarah, again, I don't want to make too much 461 00:23:58,280 --> 00:24:00,960 Speaker 6: of this, but in a more in a more serious sense, 462 00:24:01,040 --> 00:24:04,600 Speaker 6: like do you think that this could like slow things 463 00:24:04,760 --> 00:24:07,800 Speaker 6: down culturally? I mean, I think we probably need to 464 00:24:07,840 --> 00:24:10,960 Speaker 6: get ready for some version of, you know, resistance to 465 00:24:11,080 --> 00:24:14,520 Speaker 6: point zero, and maybe a resistance that's more directed at 466 00:24:14,600 --> 00:24:16,639 Speaker 6: tech guys than the last one was. 467 00:24:17,080 --> 00:24:20,240 Speaker 7: I mean, just look at the reasons that people voted 468 00:24:20,359 --> 00:24:25,000 Speaker 7: for Trump on a macro scale, Like people are unsatisfied 469 00:24:25,640 --> 00:24:28,800 Speaker 7: with how expensive everything is, how difficult life is, how 470 00:24:28,880 --> 00:24:29,920 Speaker 7: much childcare costs. 471 00:24:29,960 --> 00:24:31,440 Speaker 5: You know, when people are. 472 00:24:31,600 --> 00:24:34,880 Speaker 7: Dissatisfied with the state of their lives and their spending 473 00:24:34,960 --> 00:24:39,000 Speaker 7: power and their futures, they vote for the alternative. And 474 00:24:39,720 --> 00:24:42,359 Speaker 7: in a moment like that, saying well, let's just go 475 00:24:42,440 --> 00:24:46,720 Speaker 7: to space, is it's like, well, let's just forget about 476 00:24:46,760 --> 00:24:51,200 Speaker 7: fixing the stuff that is broken on Earth and stop 477 00:24:51,280 --> 00:24:54,960 Speaker 7: trying to do anything about it and instead invest in 478 00:24:55,040 --> 00:24:58,600 Speaker 7: some future that is very expensive and who knows if 479 00:24:58,600 --> 00:24:59,040 Speaker 7: it'll work. 480 00:24:59,720 --> 00:25:03,600 Speaker 2: Fine words, Tom, No, but I gotta say I've always 481 00:25:03,640 --> 00:25:05,760 Speaker 2: kind of wanted to go to space. So I feel 482 00:25:05,760 --> 00:25:07,920 Speaker 2: a little bit hurt by Rigo's comments. 483 00:25:07,760 --> 00:25:10,240 Speaker 5: Sarah, what do you think is going to space a 484 00:25:10,960 --> 00:25:11,760 Speaker 5: a red flag? 485 00:25:12,680 --> 00:25:13,359 Speaker 6: No? I don't. 486 00:25:13,440 --> 00:25:14,320 Speaker 7: I mean, I don't think so. 487 00:25:14,440 --> 00:25:14,680 Speaker 6: I think. 488 00:25:14,920 --> 00:25:16,760 Speaker 7: I mean like I'm a tech reporter, right, Like I 489 00:25:17,000 --> 00:25:20,840 Speaker 7: think innovation is cool, but I also think that there 490 00:25:21,080 --> 00:25:24,440 Speaker 7: are other problems that people on Earth probably want to 491 00:25:24,560 --> 00:25:27,240 Speaker 7: be solved first or in conjunction with that. 492 00:25:28,119 --> 00:25:30,320 Speaker 6: Let's leave it there. We'll be paying attention to those 493 00:25:30,400 --> 00:25:33,679 Speaker 6: problems in the Weisa come, Sarah, Tom. 494 00:25:33,600 --> 00:25:34,800 Speaker 5: Thanks for being on Elon Inc. 495 00:25:35,160 --> 00:25:36,119 Speaker 2: Thank you, Thank you. 496 00:25:43,800 --> 00:25:47,119 Speaker 6: This episode was produced by Stacy Wong. Anna Maserakas is 497 00:25:47,160 --> 00:25:50,359 Speaker 6: our editor and Rayhan Harmanci our senior editor. The idea 498 00:25:50,440 --> 00:25:53,639 Speaker 6: for this show also came from Rayhan Blake Maple's Handles 499 00:25:53,680 --> 00:25:57,680 Speaker 6: Engineering and Emma Sanchez fact checks. Our supervising producer is 500 00:25:57,760 --> 00:26:01,720 Speaker 6: Magnus Henrickson. The Elin is written and performed by Taka 501 00:26:01,800 --> 00:26:06,560 Speaker 6: Yazuzawa and Alex Sigierra. Brendan Francis Newnham is our executive producer, 502 00:26:06,680 --> 00:26:08,000 Speaker 6: and Sage Bauman is the head. 503 00:26:07,840 --> 00:26:08,800 Speaker 5: Of Bloomberg Podcast. 504 00:26:09,359 --> 00:26:12,000 Speaker 6: A big thanks to our supporters Joel Weber and Brad Stone. 505 00:26:12,440 --> 00:26:14,760 Speaker 6: I'm Max Chafkin. If you have a minute rate and 506 00:26:14,840 --> 00:26:17,480 Speaker 6: review our show. It'll help other listeners find us, and 507 00:26:17,600 --> 00:26:18,880 Speaker 6: we will see you next week.