Dueling Presidential interviews, SpaceX’s big catch, Robotaxis, Uber buying Expedia?, Nuclear NIMBY
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Freeburg channeling timers over there.

I know wow is excited to catch .

your flying along. Do you know what venture capitalists are selling?

Super gut?

Well, as of last week, when jae decided to turn all in into a commercial, I was actually going to do a super that background for launching super gut nationwide in target this week. Any target in the united states you can go into, you become super gut. You can buy the G, L, P. One booster. You can buy the prebiotic shake.

I have that actually at the chocolate OK mock is good to right.

Let's get of .

of course.

we're cutting all this out. No way I do this next time.

Player company, I have a stake in.

We open sources to the fans .

and just got.

Also all in election night live stream is coming in november fifth. You can watch live sex will be hosting we're doing IT you're hosting IT your teams that you're doing IT. So you're either get to see are you not go to another logo sex?

Well, if things continue to look good, I might a more log. 对 o so may .

be because not commit。 Maybe if .

you are .

cuse in.

be amazing, look good .

of it's GTA .

be a unique .

this .

thing.

Oh my god, can you imagine being in morale?

go. And oh my god, is in the bag. It's got me too big to reg. If it's too big to rigg.

i'm gonna be a lot too big.

Do you guys think Polly market is like why do you think it's different from the polls? Are we talk about this today, Polly market showing like sixty, forty or sixty five, thirty five now, right?

Yeah, because we're measuring different things. I explained this before. Polly market is people betting on the outcomes of fifty eight percent trumps gonna in where as the polls in a particular state show the percentage of how each person's onna vote. So if for sure you knew the election was fifty one, forty nine, the betting markets would .

swing to one hundred. Let me asked you so nate silvers model, which takes the poll from each date and building A A, you know, super paul like a supermodel for the whole country, why is his estimate fifty, fifty right now? While the Polly market is betting at sixty forty possible.

his lagging and his estimates on the .

betting Marks.

the betting marked, seem to uh, go based on momentum. So it's like IT indicates the swing in momentum and .

then the polls listy take after the interview the last couple days. Trump on bill. Fox, just going to change anything.

I don't think it's well.

trump over the past week seems to have had a third owing to the fact that commons interviews generally don't go well. So I think he started off a little behind, started doing interviews to catch up, and now she's a lot behind. I don't think the berry in a rush can to help her.

Well, let me ask you this. I so my observation, as I don't know, not like a super political person or um whatever a party into person. I looked at the a lot of the media on both sides and IT teams like everyone on the left says commonly did an amazing job on fox.

SHE defended herself. Ves SHE showed her skills and her competence. And then everyone on the rights like SHE embarrass herself.

SHE fell apart. And then the same thing happened with the trump interview on blimp red. People are like on the left.

They say, look at how he couldn't handle the interview. He fell apart on. His lies were exposed.

And I run on the right. It's like, look at him. He got a standing ovation. It's almost like everyone's just kind of like self asserting beliefs that they already hold when they judge these people on. His interview shows at this point is IT is IT already baked at this point, like anyone actually going to change their view based .

on these interviews happening? Well the question is what appeals to that small sliver independence? 你 the question I would ask back to you is， if the rapper interview is going so well for camera, why was her staff on the sidelines waving to try and end the interview that apparently that like four people yeah .

waving in and trying to the interview who said was .

that he said that he was like in rocky four, when Apollo creates corner is like yelling thrown the day through the they couldn't wait to get off the stage after twenty six minutes. I just think that if he was .

going that allegedly, yes.

I don't think preperation lie about that. I think why why would they get off the stage after twenty six months of so great? I'm not saying IT went as horrible as some of the partisans on the other side are saying.

but I don't think IT went that great and you did well.

I think that he went SHE did the interview precisely to get the talking point that SHE doesn't ever server interviews because that talking point was earning them. And so you saw, like all of her fans and the media were saying, well, see, he can walk in the lions stand. But again, SHE did the shortest interview possible.

I don't think he answered the questions directly. I think SHE fillibuster a lot. SHE deflected a lot. I don't think she's quickly persuasive. I don't think SHE convinced anybody.

So I think that what you saw there was somebody who just want to get IT over with as quickly as possible to check the box on. okay. Does ever serve interviews? trump? On the other hand, he he actually likes doing these things. The .

bloomberg.

there's no fillibuster ing now, right? He's he's you can you can do the weave, you can do the anecdotes but yeah, he's also very good at coming back on the interviewer when they get ever serial and the audience was with him to get the standing ovation. He went for sixty four minutes compared to her twenty six.

I just think there's no comparison. I think trump is someone who relishes walking into lions. And to doing those interviews, I think here is that IT.

Because he felt like if you see either open.

I watched the whole interview. IT was clear in the interview. He mentioned the fact that he was being waved ed off and then he said IT after the fact as well, that's not alleged.

I think that that did happen. I would say two things. I thought that he was composed and SHE maintained her cool. So I think from a stylistic perspective, I thought that he did well. From a substance perspective, IT was pretty lacking.

Because if you actually listen to the answers there, there was just a ton of none answer, and they were two very basic questions that I think a lot of people, even if you're not a swing voter, I think, would probably wants to know the answer to. Meaning, did you have any regrets about what's happened the last three and half years? Did SHE have any regrets about what she's done on the border? Has SHE not noticed that biden was waivers before he was hosted?

I think that you could have predicted that these questions were going to come. So I think I was surprised that there wasn't a crisp answer that they had practiced for that. The second thing else says then, David, is right. Everybody then gets very tribal and how they interpreted.

I think I saw one eet from you on about how all of the newspapers characterized her interview with bread pair as quote on quote, testy and IT was sort of like that was the way that the main strip media framed IT. I suspect if somebody looked at how trump s interview with bloomberg was analyzed, they probably had some similar rubbage that was repeated there as well. So I think you are right, Jason, that the ministry media can be trusted to tell the truth.

I would just encourage people to watch IT. I think, like I said, stylistically, I think he did well and remain composed substantially. I think that was nonexistent. Yeah.

I would have been nice to have another debate between these two.

SHE still generally explained how she's different than joe bite, and other than the fact that he's a White male and she's a woman of color. So beyond this sort of the superficial differences, you can explain on a policy level what he would do differently. He had so many opportunities to say that they asked on the view, they asked on even cobey, but barrister in his way, and he still can't explain what SHE would do differently. And I think that is the fundamental eshe as a campaign is voters still don't know who he is or what you would .

do you what do you think of j advancing? He wouldn't have started fied the election. They seem to be going after on that over over again.

That's a few little person talking about that.

No, no. Literally every interview theyve been chasing him down the hall, asking him i'm not the only person I have .

a of saying he that kind of like when he's a combat reporting moment. That is the question he gets.

A lot of the interview I saw saw the interview he just .

do with Martha .

s was SHE posing .

that trump was .

exactly and about G, D, S, cares about that topic and anymore.

What do you think three berg about him saying he would certify general .

six is not what we're asking. Jd, if you want to talk about interviews that jd vans has done, talk about the one that's actually going viral right now. And that was the interview he do with Martha attach, where SHE starts saying that, know we've only had a few of these apartment buildings taken over by foreign gangs. And he's like to realize what you're saying, you know, there's no combat from that.

He destroyed her. He was very compelling.

What he did, he does like that. yeah.

I mean, SHE was basically saying that he spoke to what was at the city manager. And she's like he said, only a handful of buildings have been taken over in J, D, V. Answer, like, what do you mean? Yeah shameful of buildings.

Like, isn't that anything more than zero? Like too much or even more than one is obviously a problem. Like IT was just such an obvious rebuttal to the the narrative that they're kind of over exaggerating a particular issue.

I have no data on this, but he was very compelling in that uh, response. I thought IT was prety strong. But I will say like generally, neither candidate seems to be introducing a new message or seems to be introducing new content.

They're just kind of standing up, you know, kind of repeating things that you've said, showing that they can handle and manage different kind of comparative reporting tactics. And that's kind of what's on. And everyone seems to have made up their mind.

I know I see a lot of people on both sides. Let's say again, this side, this person did great. My person did great against this combined tive reporter, and the other person did partly against their combat report.

Everyone's kind of biased in their view. I IT just feels like the selections bates, and we should just go to the polls and be done. yeah. And anything october's .

prise coming yeah can help.

But there hasn't been anything right like that kind of the shocking moment yet this month.

the questions going, yes, you are not like hosting trump, you know, fun raisers. Do you think what did you think when jay van said he didn't think that trump h lost that one two election is I concern, you know?

Um there's no there's no way to answer this um with with the kind of clean framing I think you're looking for what what I saw from jd is that he wants the reporter and the people that he's talking to and I hear this from him here to zoom out a little bit and recognize that there are significant control and uh control systems and biases that he believes that others believe are strongly affecting the election process and as a result, the election outcome and I think that that message isn't uh is lost because people want him to say trump lost the election.

You're not admitting IT you're bad but those people also aren't hearing the point that he's making, which is that there are biases and we hurt these biases, by the way, with democrats in prior elections as well where they highlighted that they believe that they were biases with respect to this information being amplified on social media. And then the next election cycle, they were able to step in and influence what was being changed on the social media platforms. And so there's this big kind of war or media war going on social media platforms. And I think that that's what both sides are highlighting is their big concern and others is other big concern about is their appropriate voter verification, that the people who are voting and is is a question to ask that shouldn't be dismissed IT is a good question to ask.

As a as a person who doesn't have uh like A A strong bias for a political party here, I feel like I want to hear answers to those questions like you know what is the structure of how the the way that most people are getting their media today, which is very social media platforms, what is the mechanism for censorship? What is the mechanism for filtering, for moderation and be public and transparent about IT? And then separately, what are the mechanisms for for deciding who gets to vote and how they get to vote? I think those are both really good things to us.

I would just like to take a step back and say that that was one of the most incredible answers i've ever heard friberg. Unfortunately, IT may not land for the reductive masses, but IT was exceptionally powerful and possible. Thank you.

Yeah, thank here for you.

You well, I I mean, independent of who wins, we need to get this, uh, rules of elections really tight starting next year, I think make IT of federal holiday require people to have idea that doesn't seem like such a big deal. I don't know sex. What else should the holiday? Now you've got bitten.

D, O, J is literally suing the state of Virginia, which is required by Virginia law to clean the voter les of illegal migrants. And theyve been doing that, and bian ej has sued to stop that in california. Like you said, we now have a new law, some, I have a newsome, to make IT illegal to ask for voter ID.

So democrats seem to be undermining the integrity of elections, not fortifying IT. So when you ask, you know, why do republicans distrust elections? Maybe has something to do with the way that democrat are acting. But I agree with you. I think that cleaning up the voter roles, having a minimum standard for voter verification, is something that I think should be done, that one of the constitution, the states basically run their own elections.

But IT doesn't make sense to me that in a one party machine politics state, where basic one party controls the state, that they could set up a system that effectively entrenches their power forever in federal elections, that this seems to me that the federal government has a compelling interest that must be constitutional in ensuring a minimum standard of honesty in federal elections. So I think IT would be great to do something about this next year. I think that if you want people to stop questioning elections or are engaging and election denial, you need to make the elections above approach. So let's do that.

So anyway, energy foundation, which is obviously rate meaning, has a bunch of election fraud cases they've been documenting. And they basically cannot come up with like the actual evidence that this is changing any election results, but we should make IT above approach. I agree.

Alright, our boy alan had a big week test invalid two new concepts at its we robot events and elon you on caught a twenty three story rock the starship here's the robot taxi in the robot bus. Both of them look really awesome and he caught one of the the the I inks is the fifth starship or the fourth launch fifth. And then look at like chopsticks.

catching them with on and his politics just to appreciate. And we can talk about why this is so important in the segment. But technically, the achievement of this, like skyscraper falling out of the sky and perfectly aligning itself to go into that chopstick catching device, IT, is an absolute marvel of human ingenuity.

I mean, and the work in the effort that people put into this over, you know, several decades, it's just such an incredible feet. Look at this thing. I don't know. You guys was emotionally moved by this. now.

I thought I was incredible. I think I probably washes a hundred times from every angle, every angle.

And so the reason this is so important is because these things cost a lot of money, and when they land here, you can clean them up. And I guess his goal is to have them take off again if he feels the propelling an hour later freeboards. So on a science space has, this is extraordinary. What, you know this works and the .

more receptive you don't wanted to have feet. A is heavy and then b, you have to lift them up in a way that just complicates the entire revealing in cycle time process.

So by catching you put right into and again.

walk these numbers. So obviously, the big objective over time is how cheap can you get IT to put material into space. We need lot of material to go into space if we're going to do things in space, particularly if you're gonna build a colony on mars.

And so this shows you over time, the cost per kilogram, which is the key metric in this industry to launch material into lower thorax. And you can see here how space ex has dramatically reduced the cost. I remember when the small fat era began in the twenty tens.

You guys remember all these startups that we're starting to build like little small facts and put him up to do imaging and comes and stuff. When this took off, IT was about ten thousand boxes kilogram to put a small set into space or to put material in the space. And then SpaceX has dropped the cost at the point that is now close to a thousand dollars a kilogram.

So a connects reduction in cost in just the last decade or so. And that's why space just dominate the the launch market. But you can always said that a thousand dollars a kilogram is too high, but his objective has been to get the cast down to ten bux the kilogram, because the ten bugs, the kilogram, you could launch what some people estimate is needed to get to mars, which is about half a million tons of material.

And people to set up a colony on mars and IT actually becomes feasible to get in half a million tons of material at the ten box of kilogram. So if you look at this new starship and starship heavy booster, about one hundred, fifty, two hundred and ten payload, the booster holds in a thirty four hundred tones of propellant. And h the cost of that propellant is pretty low.

You know it's a it's only about a million dollars in fuel. So then if you can get the cost of the booster and the starship down enough and you can reuse IT enough and you advertise the cost of making that device over the the lifetime of of the device, the cost per launch comes down and that will bring the cost of kilogram down. So the booster, there's a group called payload, and they do estimates on this.

So I want to speak to terms of like having insight, knowledge, but a payload has estimated that starship and the booster are cost about ninety million box today, and they think that they have a path to getting IT down to thirty five million. So if you can reuse that in ten times, that's a three point five million dollar of costs per launch, plus a million for fuel. You could easily see anything can watch two hundred tons.

That's how you start to get to ten bugs a kilogram over the next couple of years. But he was critical to be able to reuse that heavy booster. And that's what elon just demonstrated as we can actually catch that heavy booster, review IT and launch IT an hour later.

If you can do that over and over again, you're spending ten box a kilogram to put material in a space. You can get fuel into space and then get those starships to fly off to mars and deliver all this material, including setting up a base that will allow you to actually make more fuel on mars because everything we need to make fuel of on mars. So it's the beginning of the next series of really important milestones it'll hopefully get humanity on tomorrow.

IT was just so amazing to see IT come together. Yeah, the economics are legit. I mean, is like a thousand reduction and cost.

It's incredible. Yeah, it's gonna amazing. And they're going to do some I guess new stuff is starting some even lower earth orbits analysts that go even faster and have less lencs. So that's going to be super exciting, apparently.

I mean, I know everyone here is a red shredder in space sex, but starlings running at four million subs right now, that's like a hundred box a month, four million subs.

And if you do them out, I mean, how many people have I S P, S that are slower than starting, right? How many people have cellphone providers that they're paying roughly the same amount that aren't as good as starlike? If we can get satellite to phone and you can get starting more broadly available, this could be a hundred million subscriber business. I mean, this could be IT can be the last is on on, on the earth, the largest subscription .

business in the history of humanity. I think the largest ones right now are like netflix, you know, two hundred fifty, disney plus hundred fifty in one hundred million. So yeah, could be hundreds of millions of subscribers.

You could even crazy and be the first .

five hundred millions of we could .

look back one day and be like, why did we run on this copper wire everywhere? Well, we know that so .

crazy to be crazy like ever.

I mean, the whole nut thing about this past week, it's like we could look back, why did we ever drive cars and why did we ever have copper wire little over the earth to, like, move internet signals around, you know this, uh, the sufficiency game that's gonna realized with the next decade. And just incredible.

incredible to athi dogs on the robot van for the cybercafe. The model too. I guess some people are calling IT, but it's, you know the cybercash b specifically not calling IT number two and doesn't have a steering wheel or peddles. I would have bought two of those immediately. Steer wheel I want to drive looks like the hybrid of like a model y and the cyber truck so I can't really .

love the aesthetics of IT so beautiful yeah you my reaction was actually, I don't know, just seeing these releases now over ten or fifteen years plus of knowing him nothing. It's I guess it's like not that surprising at me as where to say. Like I just expect him in his teams to figure out out like they're just all so good.

It's any to think. Remember, it's not just him that's incredible, but he attracts a kind of technical and Operational wonder kind people for sure. That's just that's just a really special thing.

So I had to had that reaction, which was I was really. Proud and happy for them, for the team, for the team and for him. These guys are like, incredibly fearless. Fail bigly.

right? yeah. I and then the other thing that I thought was crazy was how many people were trying to dunk on him this weekend. And that surprised were hot me off guard because I think that they were personalizing a lot of anxiety that they are feeling through these company's successes, which did make much sense to me.

While infair rss, he did hurt some people's feelings with posting of memes. Yeah, I mean, it's IT makes no sense like the guys like gonna save thirty thousand road that S A year in the united states with self driving and people are losing their minds over a couple of means or who is voting for for president? I don't give to worry about that.

You can just look at the products they speak for themselves. Anything um sax, any response on the on the test front? Thoughts on the the bus were optimists. I mean.

they're both very exciting products. I don't think i've got out to add.

I love the bus for ever. I think that thing could become like mobile homes are, you know, adults and you can just send them.

Can you can we buy them .

or no well, no, not right now. But I think that might .

be that.

And I needed for .

all my kids yeah will see if this was a platform like the Mercedes sprinter vans have become that you see europe buy an empty one. And then let's say you had your in laws over and there was one that was set up as like a one bedroom. You could click on airbnb or you know, tesla bnb, press a button and the thing could drive to your drive way.

You could rent IT for a week and then I could leave. Or let's say, a thousand people or ten thousand people are displaced because of a hurricane ebird. You could send a hundred thousand of these to the parking lots at walmer, which which does a good job in feeding people and getting them supplies after hurricane since those are so you back with, you could put one hundred of these in every parking lot and have a place for people who are fleeing natural disaster to stay.

So I thought that was like the most compelling product of the holding for me, was the possibility of a sled like a skip that you could do anything you want with would be really exciting for society. And congratulations to the team. And it's it's going to take a while. But I, I, I could see them having that robot.

I think congrats to a me. He just got promoted.

I saw that and he's in charge of all .

A I I think he's in charge of all manufacturing and sales in north in america. A.

oh, OK mother.

I have to meet after, yeah, I mean.

this guys, I have, I have big news. I just bought my first tesler.

How you did? Did you go with A D model?

model? S, I test over for two weeks and sold itself. And are you .

using the F S D? I use F S D everyday. I use F S D.

I was like, really impressive. So so i've tried test a couple times over the years, and I never really, never really worked for me. The quality just didn't feel like what I like, given what I had before. The car was guy but audio Y, I always and yeah, that's like, anyway, it's a it's a big milestone. I really I thought the F, S, D was the selling and then the speed on the plant is just in .

saying it's Better than my, because when it's in that plant motto, whatever, like, coffee is my favorite. I, but if you have passengers, the kids in the back, I will IT like, literally nauseous, because it's too fast. You yet to, yet to be a careful with the passengers there.

So thousand.

alright. Will they have a robot to taxi? Start waiting. Get to last week.

We must put the show back a day or two just to do IT. In other news, uber is expLoring a bid to purchase expedia. Breaking news, this was dispelled as we got here on the show.

They said this was like very preliminary third party talks and that there's no serious talks going on about this. Financial times reported that advisers were trying to look at if a deal structure will be possible between uber and expedia. Expedia got a twenty billion dollar market.

They pop eight percent on the news, obviously. Uber, on the other hand, trading at one hundred seventy billion market APP. So that dropped three percent.

If he didn't know dora was the CEO expedia from two thousand and five to twenty seventeen, he slew on the board. And IT looks like this was our trial balloon. You know, lovers, two biggest businesses rides in uber eats, but they also do freight and train booking stars been pretty clear.

He wants to create a super APP like you have in china or some other markets. Market is got a lot of cool products, hotels stop com or a bit trios ity or uh and I think the most interesting when freeze er you know know I we're talking about this is V R B M vacation rental by owner was like L B N B before L B N B existed. And if you look at this chart, since darrin laugh the dara effect, expedia has gone exactly sideways.

The revenue has grown modestly. What do you think of this? Deo chumah? I'll just go right to you with this one since you would like to stupid, stupid. Okay, do you have the folks reasoning? Number one is stupid um and reason number two is stupid.

I mean this is a twenty billion dollar market business. You probably have to pay a control premium of fifty percent. So the question is, if you were going to spend thirty billion dollars today in the public markets, what would you spend IT on? And I think the most important ones that you have to use to answer that question is what reinforces a mote that I have while also being inoculated from the risks of ai.

And I cannot think of a more fragile business model than the U Y. Layer on top of widely available data. So the problem that media has is the same that booking and a bunch of these other folks have, which is that the principal heartbeat of the company, flight information and other things are licensed to them by third parties.

And so what they are is A U. I. In the front door. I think it's way too early in the evolution of the eye to know that that's safe. And in fact, I think a more reasonable assumption is that those things are pretty fragile.

And part of what may explain the dolphins of the stock is that I think people are anticipating a world where, for example, I don't know if you saw but perpetuity launch something this week is just in test mode. They White listed me into IT, but it's basically a checked concept. So you tell perplexity what you would like you to buy, and then I will go and complete the transaction for you.

So in the example of flight bookings, you could go directly to united because a perplexity will you show you all of the flights? They'll show you the exact Prices and then it'll go and execute that for you with your payment method. In a world that looks like that, where these companies have the money to pay for the data feed the existing vee, one point to generation your eyes, I think, are in trouble.

So IT would just be a very bad capital allocation decision. Now that's okay to get things wrong, but not for thirty billion dollars wrong. You can probably do IT for couple hundred billion dollars wrong or maybe even a billion dollars wrong because you can absorb that as a hundred and fifty or sixty billion dollar company. But thirty billion is too big of a Price to pay for that kind of risk.

I would agree with you. And there are other things they could buy, like we were ride or pony A I and a bunch of these A I companies that are doing self driving. So why not double down on that freeburg? The one thing you and I talked about, IT, was kind of verb, which he is a very cool marketplace.

And that feels directly in the uber killzone. What do you think about them? Just maybe covering on buying V R B O and having A R B N B.

Why don't they just buy way more? Why don't they just go to google and give them thirty billion dollars of uber stock? And just carvin wao.

Isn't that a Better think? That's gonna i've been hearing rumbling of that.

So so I think that dara knows x media Better than anyone. He ran the business for what decade or so? yes. And so he knows how that business Operate.

And so if he's looking at this thing and the stock Price has been flat roughly since he left in twenty teen, if you look at the underlying financial performance, you could kind of start to construct a rational for buying expedia. This cheap and IT would be very creative to uber, even if there are these big strategic risks on the horizon. So just to give you some numbers on at all.

Uber got about a hundred fifty million monthly active users. Expedia has about forty five fifty million customers a year that use the service and pay for stuff. So there's a real opportunity to think about the uber customer base bit installed as being almost an opportunity to market to them, expedia services and cross sell. So expedia on an annual life basis is spending about eight billion a year in sales and marketing and about seven hundred twenty million a year in gna costs. So and we're running about three billion eba.

Ta right now run right?

So if you cut about half the G N A in an acquisition because you don't need all the people that overlap with ub people, you know, and you cut about thirty percent of the sales and marketing dollars because you can cross sell into the uber install base, you could see a scenario where you could increase expedia eba. By seventy five to one hundred percent, maybe getting a tire six billion dollars.

And while india's market of trades at two twenty billion, this is off of, you know, obviously, the recent news that they might get acquired if you kind of assume a forty, fifty percent Price premium to the last ninety day average of the stock Price, which is kind of typical or common for deal like this. They're probably paying twenty six billion for the company and they got about four billion and net cast. You're kind of paying about twenty two billion enterprise value to buy media.

So twenty two billion of enterprise value. And if you can bump the ebata up to six billion a year, that's a pretty little multiple. I mean, you could see yourself rationalizing this just from a financial basis that are paying four times he, but not by this thing.

And dora knows this thing and he would have great command over what needs to be done over there. And he would have a great sense of. What's to change and what's gone wrong.

And there's a lot of interesting assets inside of expedia. V R B S, A great one that been under monotoned and under utilized. And if you use the U S. And V R B O R B N B, there's obviously some influence story could have with people that he knows well that could go in and fix that that in your face and make you a Better service.

And even as A I starts to step in and hotels may be in a grate Better with agents and so on, and they show up in a more ubiquity way. There's other things that expedia does, like build vacation packages and travel packages that are high margin products that they sell that are a little bit different than what you're used to with out just booking a flight. Booking flight makes no money for anyone.

Vacation packages is where all the money is up. And so theoretically, expedia could be smarter about how they build vacation packages and personalized them for families. And that's where they can make real margin, like twenty thirty percent margin.

So I could see a story where this all starts to click for the board at uber saying, maybe IT makes sense. Dari knows what he's talking about. We could buy this thing for four times, you know, performer eba, this could be hugely created for us. So I think that's why this is happening, why this conversation may be happening that that .

me trying to understand. Please go and plain how they drive.

So there's spending about um eight billion a year run rate on sales marketing at media right now. And uber got one hundred fifty million active installed users that are using this, the uber services, every much of the idea would have customers. So if uber could cross sell some number of expedia services to the installed base at uber, which they could test and do little experiment and see if IT works, they may be able to reduce the marketing dollars that expedia spending to acquire customers through other third party sources like google and being other places. So there's a rational that's .

where I think the logic breaks down. I don't think uber customers want to be crossed LED on, book a hotel, see this where I think like MBA thinking is very different than product thinking. Like an MBA looking at this would say, well, you, expedia and uber a both in the travel business, there are apps both involve booking trips.

So we can we can cross sell expedia from uber and then cut expedia marketing budget. I think that's how NBA wood sort of hand wave over IT. I think the way like a product manger will look at this is to say, what does the user want to do? And I know that when I use the uber APP, I just want to basically make a couple of clicks, set my destination, get my car and then move on. And there was there was a public condition of a few years back at uber where they try to capture the users of attention during the ride. And they are they added like this.

the whole adding that had yeah making and it's .

actually I was like an entertainment stream or something inside the APP nowhere they dial IT way back because I don't see IT anymore IT was this cluster.

Would you trust dara judgment on the sacks? Like if dara were, think about what the uber user would want and he could rationalize some percentage them, they could cross all its media services into. I mean, ultimately, I think it's it's his decision, right?

Is a vate quality play dars going as like a private equity pie effectively and he knows the business and will run IT to reduce costs, me boost some revenue and maybe there is a justification for that. But if you're trying to justify IT based on cross selling, I don't think users, the uber APP or want to be crossover when they book a taxi, okay, they just want to be able to affect their transaction as efficiently as possible.

And disasters shed the point I was making on that whole entertainment stream that they had. They double that product way back because IT gotten the way you'd be in the uber f, trying to figure out how to change your destination or something and all the son, you're being shown like some entertainment product. A it's not what users want IT and IT was always kind of A A banana s idea to think that just because the user books and uber that you own their attention during that, right? Because during that ride, you're really competing with every APP on the iphone, right? And that's the problem is you want to get in and out of the uber APP is about transacting efficiently.

What about not the moment you you're writing in an uber, but the moment when you say, as an uber user, hey, I need to book travel. I gotto .

go on a vacation .

to offer.

And I, when I want to hail attache, that's why it's like .

I there are a large of people who maybe don't have a, you know, an assistant to book their hotels in advance. And like would .

be most people, jill, I would not think .

to go into uber to do that. I would just be clutter.

Well, no, they already have a hotel dock on partnership. And then the uber one membership been growing pretty niche in the advertiser doing a billion dollars year. And that is just money printing machine because you know that this persons in an uber black, you know that they're going to the four seasons like these users who are you?

They were real add business. Uber, yeah.

The more uber tries to promote some unrelated product. And what I mean by unrelated is IT doesn't help you get to what you're doing that moment.

It's clutter in the APP. What about uber IT sex ah to in .

great yeah not across promotions working .

that is highly related to spaces booking a pick up some food yeah it's still a taxi business. basically.

I think the who's integration is good.

I think there's something here. We have gone through a cycle where apps and attention were highly consolidated with a few. Now the pencil in the swung the other way and up are very narrow features that are really well described.

okay. So that's sort of where we are. That's why we have the billions and billions of apps in the apps store.

The question is, does the pendulum swing back to the super apps? And I think the big question is not whether IT swings back to the super apps, but whether there's a new substrate that puts itself between the user and all of these services so that they become data oriented services. And this is where the question is.

If you rely on an agent or you rely on a beef top version of search, whether that's ChatGPT or german I or whatever, why would you care where all of this stuff was done? You're not gonna care. And this is, I think the big mistake in the thinking is that that real estate is actually much more fragile than I think we all think IT is.

And I think a much Better way to think about this is in the future, none of this U I. Real estate is actually worth anything. The question is, do you have a data asset that's viable or do a do a service that's viable because agenticity, they'll be all of these unemotional bots and workflows doing this work for you.

So I think sax is right in the same set. Whether it's there or not, he will matter. Could could he run IT? Like a private equity business for now, uber corporation owns two services. sure. But you're probably just Better off for these agents to go and cannot lize all of search because you'll be able to just get a data feed for what expedia has to create expedia for a few million dollars or tens of millions dollars. You don't need to pay twenty .

or thirty billion dollars at the thing that i've talked to dar, they said he told me when they do something that's a Jason to what they're already doing. IT explodes in terms of engagement. So like they're doing like teens and rental cars and then package delivery.

And every time they do one of those at jazan cie, IT just takes off with the membership. And to your point, freeburg, they have two hundred fifty customers who have their credit cards in there. And men is just it's explosive. So that's .

why he is in a jacana y to ordering food.

I think hotels would be I don't think flights would be because I think the flights work really well with the existing apps. But things where you have propriety inventory like vivo or hotels, I think those would be very powerful. And those have twenty thirty percent commissions, which are in line with the commissions that uber already getting.

And the commissions on things like flights is very small, like a couple of dollars. So I think for hotels and V R B, O would be brilliant for the other stuff. I'm not so sure to your point.

Well, just finish my my thought yeah was that you'll notice that uber eats a separate APP from uber, right? I mean, I know you can get to the eats part with the uber, but they created a separate up for a reason is because whether you're using uber eats or uber, the goal of the immediate gratification I want to get to, I M going, I don't book at six hours in advance. I call IT right now.

And the most important thing to me is wait time. This is why uber is beating left is the time on the way. Time is learn.

Yeah, same thing with food. I'm not thinking about booking my dinner right now. Not going to do IT in advance. If you browse through the restaurants, the most important piece of data they show you in addition to the rating, is the number of minutes that takes for to get to you.

So those apps are all about immediate gratification, and that's why you don't want other things getting in the way of them. Now I guess the claim is somehow you're going build a crosser, the booking of a vacation or a hotel that you have to think about days or weeks in advance. This is a completely different state of mind. I just don't think that there's much optioned across all that.

Use the temple jargon.

I don't think the attached rate is going to be high. What about the .

brand value sacks? So because, you know, those people are going to another APP to book their flight in their hotel. What if that other APP was called uber travel?

There might be value that I can see that I think that .

would be the rational where I could see if the media brand.

yes. So maybe maybe what you could do is take verbo rebranded as uber hotel or uber travel, what everyone actually, and then maybe you could push people to download that up.

Well, the thing I I can give to this.

you could quite in all so yeah .

exactly media spending on that every year .

right now, I use the bomb voy APP to book hotels. I use the united to book my flights, and I used over to do my rides. And obviously, for each.

When you are using IT, there's a tab up top in the U I is quite nice and uber, where's rides and each right next each other I can see a third one like hotels or travel being right there and all the sudden um yum, you just get all that inventory right in there. And I frequently will book my hotel and our book my ride for the next day in advance on uber. And I do those things.

And then when I get to my hotel, i'm ordering food to my room. So I think this actually could work really well as a third tab in the APP for travel. And you could actually cause when you use eat in the uber APP, its its own tab.

And it's the exact same experience, I believe, in super apps. And they just launched a bus that's like a bus service in new york for eighteen box to go to J, F, K. That's really awesome.

I think we're are a little bit disconnected because we don't book our own travel. But okay, let's keep moving here down the docket. All right? This big tech investing in nuclear power is off to the racist chem.

Amazon just announce to five hundred million or investment in free nuclear power projects. All of these are focused on S M. R, those of the small modular reactors.

Amazon is working with damian energy to develop a small modular nuclear reactor near an existing nuclear power plane in Virginia. In total, amazon plans to invest thirty five billion in Virginia based data centers by forty, and they want to power these by smr. And this is a big train.

Google is purchasing energy directly from caro's power, another company building s. mr. Microsoft, as you heard, or is reviving one of the three small island nuclear power plants.

So this is kind of interesting to ove. We went from nuclear not being on the table, everybody being against that, the german shutting down their reactors. Postal kinema.

And now big tech is the customer for these with a eye, and they're putting down very large deposits and payments to build them in america. I haven't heard any opposition. Maybe you could just speak to trim option. What we've seen here in terms of opposition to these verses, the opportunity and everybody's writing checks, yes.

well, they're not writing checks that so this is what I don't want to be a debby downer here, but these press releases need to have an atrix on them. So in the hierarchy of deals, right, just to impact this for a second, there are deals where you give me acts and I give you money. That's not what this is.

Then if you degrade that kind of deal structure in a lot of heavy industry, you have deals that are called taker pay, which is there is something that's working and you need to basically take this or you need to give me the monetary equivalent of what i'm selling you. That's not what this is. What this is, is sort of this conditional obligation where the beginning of the deal start to the very important statement, which is if IT works and if these approvals happen and there's a whole bunch of nested diffs, then payments can happen.

So while these are important deals because they show that there are potential buyers at the finish line, what IT doesn't do is solve the two things that you need to get to the finish line, which is the actual risk capital to finish building these things in technically, do risk them and then the regulatory approval that you need to make sure that they're are allowed. So I think that these deals are good. I think it's a great signal, but I think it's important to understand the nuances of these things.

These are not things where there's money really trading hands. And until that, you see that where, irrespective of what happens, the baLance sheet is investing from an amazon or a google where there's corp. Dead folks writing hundred million dollars or billion dollar checks into these companies. It's not yet quite there. This is more the step before, which is sort of can you create some marketing and and some bushiness to hopefully induce somebody then rip in billions of dollars of risk equity capital free break your .

thoughts on S M S. And these customers showing up? And then I guess you could comment on the nature of the deal structure here because some of them are, you know, contingent on the new repower like turning on.

Some of them do have deposit as my understanding. I'll look that up. In fact, check IT. There could be a range of deals here.

yeah. I don't know the nature of the deals. I did, I think talk about this a year ago. I was also like my prediction for the year was by the uranium stocks, predicated on what I think is a really important point, which is as G D P per capital growth, energy consumption per capital growth.

And if you looked at the projections of GDP per capital in industrialized nations, there was no way, there is no way to meet the energy demand. And this was even pre of this crazy A I build out, which is probably part of the GDP growth. But there is no way to meet the energy demand without nuclear.

There is not enough solar, geothermal or wind build out potential that's happening that the stop gap measure is going to have to be in probably the right long term solution is to have a significant amount of basic low come from nuclear. And so what's the fastest way to do that nuclear build? I will.

They have the regulatory authority and the Mandate stated they're gona build three hundred gigawatts with three hundred facilities or whatever the number is. And that's what they're doing, very large facilities and make a gig a lot of power each in the U. S. IT.

Seems that because of the regulatory structure here and the way that utilities are regulated and the way that the states have authority of the environmental laws and all the other things that I might be, the fastest path to solving this energy get problem is sm, and that's why we are, these things produce tens of megawatts. So again, the bigger is a thousand megawatts. And you know, we need to na probably grow our energy production in the united states by several terrorist over the next decade or two.

So this S M, R may be the fastest path. Now that could change, meaning we could end up seeing much larger facilities get built out if there's regulatory change in the U. S.

And there's more availability. But fundamentally, we are going to need to use uranium to make electricity to meet the demand of the growing the GDP that the teams we're going to be growing. I think this is such a necessity.

It's great to see the S M. R. Getting some attention. I just don't know if they're actually going to get turned on how long it's going to take. And you know I I don't know what this election cycle is gonna ing. In terms of regulatory change, I think we talked about IT with several .

candidate and we were doing the interviews sex. If we are able to get a bunch of these S M R S built here in the united states, maybe if europe follow suit, what would this do on a geopolitical basis into our relationship with the mileage, our energy independence and of course, the AI race to in our general intelligence? Or let you take IT, whichever ver direction you want to go.

Well, I don't think we are going to because I don't think anyone wants a nuclear power plane in their backyard. It's really simple. I mean, no matter what the benefits are for A I or for america's global competition. Ess, 哎， don't think your typical community wants a nuclear power plant in their backyard. And I don't think that matters that much if it's a small .

module or one either. So you think theyll get blocked .

by local communities? Yeah, probably for a good reason. I mean, I don't want a nuclear power plan in my backyard.

You I feel like this is suddenly become a little bit of a luxury belief where liberal, these are always talking about how we need to have nuclear power now. But there, you know, they're going to have a nuclear power plane, and they're backyard. So as easy for for all of us, uh, jenine flex about what a great idea this is.

But with faces, these things we built probably in poor or working class communities and entirely there's going to be some accident. You can tell me how safety are to you're blue in the face. I don't believe IT plains aren't supposed to follow the sky either and IT does happen.

And you know they're going to step up a power, one of these power planes somewhere. And you know it's probably going have a di program and is something is going to happen. I mean, something is. And then the the fall out is is literally gna fall out on on the people in that poor community. So I don't think this is gona happen.

This show really has a diversity of you doesn't. Yes, look.

this is a perfect example of liberal business elites demanding something that is a accept them.

So you take on a non binary trans lesbian with .

purple hair in a small .

nuclear reactor two hundred miles outside of boston, texas. Go for your didn't fall have .

have you wanted to your ranch OK.

I mean, I think there's plenty of land outside of the triangle here in texas where there is no density and you could put one and have no problem with, there are being one one hundred miles.

two hundred miles.

I mean, literally you would have to IT doesn't take that many people to to service this. So I think there's plenty of space in the united states to put these and maybe freeway. You talk and educate us on the safety here. Do you believe what sax is saying that it's going to have a meltdown?

And he just believe x is point of view, to be honest, is the point of view that will be held by a large number of people, just like they have been with a lot of other.

Is IT the right point of you? Now tell us from a science prospect.

Well, no, no, I I don't think IT is I think that the same argument would have been made around. We shouldn't have airplanes at all because they can fall from the sky, which you keep everyone on the ground where they're safe. Why would you want to get on an airplane? Why would you want to have airplane flying over your home? We should all ban airplane flying over our home.

They could rash in our home. It's the same sort of argument. And the reason i'm not to argue the point is because I I because of the point I made earlier, which that IT ultimately becomes an economic necessity that for us to meet all of the demands of A I, all of the demands of industry, we want to reinstate, realized the united states IT.

We need to increase electricity production capacity on the continent, and there is no way to generate enough electricity on this content, fast enough using other means. Then there would be if we just got these, these system set up. So I think they all think about, of necessity.

I think globally, this is the case. And we're seeing in china now where the where the U. S.

And the and we may be the we .

may end up in the .

lood state and .

we will end up just saying, you know what, we're not gonna adopt new technology, including down gene editing and self therapies. And i'll go through the list of new technology. Think that you could make the argument that there's a low probability of a high risk event. But the fact is that the progress that IT enables is worth so much more than the risk that we will be taking on.

There's a simple solution, all of this without having to go and create these reactors, which is I don't think that we have a very good grasp the matter science, broadly speaking, I don't think we really understand how to build next generation materials. I don't think our special chemicals capabilities are all that strong the way that they're going to be over the next five or ten years just with Better compute.

So I think that there's gonna a lot of intern steps that increase the generally available energy density without going to nuclear. I think there's gonna be a lot of businesses to do that. That'll be much safer, easier to regulate, easier to test, easier to understand. I think the government will get behind them. So have not as negative as you are on the only solution .

being nuclear. The countries and uh, the businesses that have a lower cost of electricity and a more abundant source of electricity will end up winning as the economy continues to progress towards a much more kind of digital state and automated state over the next decades. So if we're gone to be slower, we're going to suffer the consequences of that as a country. So we'll see how IT plays that. I just think that economic incentives will ultimately drive.

hopefully, would a possible solution be to give an ic incentive to the people who would be in the surrounding areas? Obviously, these things could be fifty, one hundred miles from, you know, anybody's homes, but even the people who work there, or people who might have, I don't know, some homes that were near IT. Could you give them? No taxes is essentially give them incentives to allow this to go through a free burn. Your mind, you think that kind of incentive would work taxes or some kind of pay off for subsidy?

I am much sure I ve never thought much about .

like what the incentives or subsidy would be.

What exact right? I think that people, people have a very deep fear of, you know, what is deemed m to be catalysts, mic technology. I do think a lot of this was rooted in the evolution onic age, where we basically have these nuclear warhead mounted to that can travel at twenty times the speed of sound and land on your city and wipe out your city.

I mean that that is also nuclear technology, and people can sleep. The two is being similar. And even three mile island there were, you know, no deaths.

That was a shocking, scary thing for people. But statistically speaking and historical speaking and technically speaking, it's a lot more complicated to explain the people what happened and why and why now is different. And no one has the time for that.

No one wants to hear that. They want to hear a very simple, do you really want a nuclear power plane in your backyard? No way. What about you? No way or right to what's vote to stop IT.

And they're right. I mean, you are you can compare IT to commercial airline ance, but commercial airlie, this technology .

has been around for what? Like one hundred years of clear technology, i'm sure I the data?

Where's the data?

Let's do IT. Let's do IT right now. I mean, I think this is an important discussion. I'd like to actually .

I think my point about commercial airlines and we've had that technology for over one hundred years, IT was honed and refined over many decades, and commercial airlines now .

have become going out. This is going on one hundred years of youth, right?

You know that there is incident every decade to .

and that is true. That's not true. You're you're saying something that's not true.

The reason nuclear been descent is because of female land and food.

Not just noble.

I mean, these names live in infor me. Its social fear .

mongers like you are doing right now with no data and no facts to try and make IT a political issue that drives everyone to one side shut their minds down and not listen to the actual facts and data. And the fear mongering is what keeps us from being competitive, what keeps us from having progress.

You talk a lot about not listen, listen, I me now there the six steps at your noble and not .

against doing IT somewhere .

where the community is in favor of doing IT. So if you can find a place that wants to do this, I would not stop IT. To be clear, i'm saying I don't want one year means first .

and we got to check out.

just give me a second yeah.

I don't think you going to find money takers even among poor communities.

It's a great adversary point. Let's go. Five hundred and forty nuclear power reactors Operating in thirty two countries around the world since the time that we first had nuclear reactors, which has now been almost century, there have been three incidents to noble fu, cuem and bream, my island, and dream, my island.

There was zero days at foot shema. There was one death and a chernoy. There were forty six debs. The fallout from those events has been that we shut down energy production, we shut down nuclear reactor technology, and we fear mongers our way into losing the most abundant available. Can I just that actually .

include the second and third facts of all?

There were fifteen people who got direct cancer, thirty five Operators and first responders who got radiation sickness. And then the background radiation effects. There's a lot of kind of noise around this, but it's not a significant number, as you may otherwise think saying with flu kha, why is that that whole region is still uninhabitable? They had a radio event.

There is radioactive material that has covered that area that will be radioactive for a long period of time. Now to understand what happened there and why that won't happen again requires talking about the difference in the technology between jan one, two, four systems. A lot of what's being rolled out now, these gen three nuclear reactors and the gent four systems, which we highlighted a little while ago, do not have a meltdown possibility.

We we talked about this, the one that went online in china in december. Those new systems, the gene for reactors cannot melt down. You cannot have an incident like you did with the gen one and gene systems.

And the gen three systems are abundantly safe. China is building hundreds of them. IT is a IT is a totally like understandable science.

If we want to spend the time looking at the data, understanding the engineering and the material science work and all the effort that's gone in billions of dollars over decades, the biggest stumbling block and the biggest wall has been the fact that people have this fear monkey activity that they tell people, just dismiss IT. It's too scary. We don't want in our backyard. Let's move on to the next opportunity. That's what's killed IT.

And if you just put these things fifty miles away, the radiation, even in the meltdowns, didn't go past those, is my understanding. So we even if you want to, just the easiest feel, man, the system don't know, you don't have possibility .

after you.

How can you say for sure what the safety records going to be?

Now that's just to be clear. S, M, R S don't work IT. We have theoretical ways in which we can profile and model that they work, but we don't have a functional one that people can look at and inspect.

As part of that, we haven't been able to test how they fail. Those are also theoretical. So I think let's put S M R S off and much just be very accurate.

We don't have a functioning working version of one because they don't work in maybe they're work in the future. Let's hope that they do that. What you're talking about freeburg is, is a step before that, which is the genre reactor.

which has the R S, M R S Operating in china, russia and india today. And there's about sixty five being built at this moment, right? So and that's outside the U. S. So that's why the U. S.

Is is is kind of observing and trying to catch up and adopt these technologies that are being used, I call IT economic competitors and economic partners around the world is important for economic prosperity in the U. S. For us to have a degree of competitiveness. And electricity Prices. If china races towards five cents per kilo hour for electricity and worth sitting here twenty seven a kilo hour for electricity, what's that going to do to our?

And we are at five cents in the generation, and you, we, right, we can fix that tomorrow. We we really rely on a nuclear reactor that works. And to access point IT just happens to be millions of miles away. So I can if IT goes, we all gonna anyways.

Yeah the scalability of of solar in terms of getting us to a terror of production capacity is the today in the other countries .

taking the early adopters.

Would be that the first .

if there .

if china runs away with this and they have so many of these running and then they're able to power A I and saw problems were not, we're going to have together, act together and start, uh.

standing these out. I don't think, how is the living every vy .

something got a nuclear reactor in this hundred, two hundred miles away.

but I don't think is a limiting factor in our ability to innovate. I don't think IT .

is today in these data signers.

It's not the limiting factor our ability of IT. It's not the limiting factor in like for example.

with the charge up every car every night with electricity with the battery rather .

than using the so right, we just saw open a launch strawberry is the reason why microsoft or google or meta not responded with their own version and energy problem. No, we're still great, limited by by innovation and just draw intellectual horsepower and capability. Meanwhile, we are trying to solve the energy problem and people are taking different approaches.

There's storage as coming online very aggressively. The solar capability itself is ramping up aggressively. We're also forcing these utilities to actually be deconstructed so that there's more efficiency.

The energy markets, all of this, if you impact why, cost twenty cents a kilo hour? It's not because of a generation problem. IT is not.

It's graft, its corruption, it's old legacy infrastructure. All of that can be replaced in a much simpler and safer way. So I think by the time that you are rate limited by energy, you have a platter of solutions.

My issues with the S M R S is the ones that are promising these next change wisping. Performance characteristics. They're all theoretical freeport. So even when you say they are S M R S working about, there's not like next generation reactors working abroad. They don't work what they they where is an example of these modern next generation reactors actually working well?

Well, we talked about the jen four one that went live in china. There are several S M S. And several countries that are active producing power.

You can call IT a small module react. What i'm talking about, these next change materials, the things that Carols and these other .

guys are trying to do, where is of functioning? They have an we have one in india. We have one in china.

I'll show you the of sending links to come here. There's about fifty of them that india is actively building right now. And they are they're competitive with carrots, right? They all have kind of common design concepts, but they're different companies anyway. I'm just saying like they're getting be the harm.

just free removing and educate the distance IT could be from a city reasonably in terms of building agreed to move the energy from could I be two hundred about from a major city, three hundred, a hundred what's .

the you could put power by action where if you want but cop and you got the copy to move IT right be like .

on yeah i'm just trying to think reasonably move IT is A I guess, what I was getting at. But okay, they have folks a good debate here on the all.

a good debate, a good debate. I love you .

all will they will lay copper from some country that 现在 some all right。 I was just thinking like if canada.

mexico have, you know, economic incentive to do this, or they're more bold, maybe they build them in their countries and they will be selling you to the united states. Theyll take, I mean, if your carrots, and you can put this in the united states, but you could put IT in mexico and then come up with, know, a way to get past trusts for wall you .

may be able to put in the united states, but we won't know until we know IT works.

Just so sorry.

I keep going back to this tRicky little issue of IT doesn't work.

What I mean, I think we are come with you and that the even with the disasters that have happened, those are with je one and je two reactors. There hasn't been in a long time.

I need to spend those up right now. These gene three .

reactors do more .

day long. I think they're that's producing .

china is producing a bigger water power.

You like ten miles outside auto.

I don't think you should put a ten miles outside of any city. I know that they are doing that in india. They're doing that in china. I would think I know if you look up the footprint of fu khama, I mean, that was a complete disaster.

They put that below sea level, they told them not to put IT there, and they put IT near a bunch of people who we're living within miles of a single digit miles of IT. There's no reason for this to be any closer than fifty one hundred miles. And I would be totally fine with that being fifty one hundred miles from around on my round right now, absolutely from that.

I think this is a classic luxury belief where it's easy for you to a spouse, this for everybody else, for the nation because you know the downsides aren't na fall .

on you hundred and would you be comfortable with putting in the desert? Yeah but but that is what we're done.

That's how we're running .

wind and geothermal today. We're putting these sites in random places and solar, and they were running cable and were just because .

they don't want to be an ice, all right? That's why we're doing that with solis. We don't want people to look at a giant .

solar thing, not against doing IT. If you can find a community .

that's willing to do IT and .

if you put IT .

where there's no .

humans problem, yes, I you Better get .

some robot employees.

I can't wait for you guys to lay millions of miles of copper cabling. Now is a solution to truck, genius. You I genus no.

exactly. You want to go visit a nuclear power plant?

yeah. Any progress? Sex is not .

interested in any progress. Okay, we can go back to the fifties. That's what he wants.

Let's get like virtually .

signing virtually nuclear.

Yes, it's a grey belief .

your promoting.

So I going to put these things in poor communities.

And so it's never going to have put your life putting the deny politics organ.

It's easy for you to say all I support nuclear, look out progressive I am. Look how smart I am. You have an internalized the .

downsides I just want to do is everything.

identity lights for you, sex.

everything you see to the and rich.

everything. I'm defind.

You're going to put these things import communities.

You're genuine flecking sac looking. mr. mr. I Robin hood over here, rob.

the right community to say no to this. You are my experiment.

your my favorite office.

I've been defending the right of local communities, say.

note your science experiment. Okay, that's what comes down. Is trying to .

just so two hundred I love in the two hundred series question. Not serious. It's what when you start like that.

you have troubled loses. What's the next four years of this power to be like? What do you come to here?

He's moved in new zilla.

There was gonna a law for all over the place.

Absolutely there's .

going to do something.

Yeah, I do. I mean, look, i'm definitely not the top of the list you want at the top of the list, right? So he has no, he has no choice but to go all in. They're ready doing law or against him. But I think the point is just that if they're not defeated, they're going to keep doing that because there's no downside for IT.

I will comment on the california coastal commission ruling that was based on eland's political tweets, which is why they stop additional launch that first of all, in the coastal commission has authority over a vanburgh. And the Operations just seems to me like there's something wrong.

The coastal commission was set up with the coastal act in one thousand nine hundred and seventy six in california as a way to give the beaches back to the people on the public and create commission to regulate building along the beaches. IT has since grown into effectively a much larger uh entity with much more authority, which potentially after the severn ruling in the supreme court may get peeled back and may get dialed down. We'll see what happens.

But as of now, they have the ability to block launches out of and burned, which they did. And in their decision, they said, IT was because of you on's political tweet, again, starting at the beginning of the show about the success of they had with the starship this week. It's incredible.

IT deserves to be recognized on the merits of what they accomplished. But to bring in his political tweet to make a decision about the progress of spaces and allow public space to be used to further that that cause and further that activity seems to me apparent and a ridiculous. And it's exactly what's wrong with the bureaucratic Morris that a lot of these institutions .

have grown into. Go or can. S M S.

exactly. Yeah.

no, i'm serious. Do you do you think that the cost.

what the coastal commission does is they they block, they block everything and they do pictures of the entire coastline. If you build like a shed on your beach front of property that he will know IT and they come to you and they are like, no shades. You cannot build any structures on the beach. They're just like really, really look.

it's a it's a value of decision that the state california made in one thousand nine hundred and seventy six. The state california, the the citizen voted and said we want to preserve the coast line and I think that that's a reasonable value for them to assume and and vote for. And IT was a majority vote and so they established the coastal commission. But how the the coastal commission extended into having authority or prevent burger launches from their for space acts, to me is part of this kind of administrative growth like we see all these administrative diocles acies get started that have a very simple objective, preserved the california and coastline. But now they have authority to determine whether .

or not launches .

can happen in the earth.

One person to the commission reference to tweet and the vote was six four to increase this. So who is this?

The official context? I think he was like, retweet IT.

There was like a .

tweet from her. yeah. I mean, in a way, he does a favor. SHE is proud of IT. SHE said that quite part out loud. In a way, SHE does a favor, which is SHE acknowledge all of this law fair against space x and iron is political SHE basically pleaded guilty to IT look, she's proud IT because he doesn't think there's anything wrong with IT SHE thinks this is her job as as a bureaucrat SHE shows the punish shed people who tweet things that your not will say that basis what IT comes down to. And um I mean, this is the truth about lauter. They're using the agent, the federal government, to exact reprisals against their political 的 opponents。 And if there's not if there's not a punishment for that is gonna .

keep going and that they file the illos, file a lawsuit and it's a six war decision. So they .

find adminstration could stop, they could say no more aware, but they don't do that because .

the tone was set from the top. And trump is saying he's gone to be a doctor, a bunch of there .

been another week you .

rap show like that. Just don't .

make .

a slight and just do something else.

Talk about this on what .

you grateful for right now in your life.

I'm grateful for you doing all the work on the events and making them spectacular.

I'm really excited for sex live from mario go I will .

totally go to paralegal for election IT can we get a boost?

Keep IT keeps saying .

IT .

it's .

not .

clear you are .

of course, I never gave a trump.

L loves me.

he he is very like your friends.

I mean, okay, I do IT remote, and you can do a remote.

And now I want .

to be.

please, just like, just wait every day for the door, whatever.

Just hope whoever wins, wins like significantly. So we win by thirty. No, forty .

years right now.

the only candidate who looks like he could get a land slide, this, try others SE. This can be very close. So you are reading .

for trump if you want a land slide. I mean, i'm going to, i'm going to reveal .

my vote on the election. special. I am OK great chance .

by that.

Did you guys know? Did you guys know?

Yeah, I I got my ballot on my, I got my ballot on the deck here.

Yeah, ready to be ready to go. But everybody, this has been another wonderful episode. Oh, metus. There are two hundred episode metus happening. Thank you to all the fans who ve got together, take pictures and share on social and APP mention us all in docs sesh meet ups every couple of episodes fans get together around the world and talk about the favorite vesty difficult bribery. And we'll see you next time by.

of course.

But .

rainman give IT out.

We open sources to the fans and they .

just got crazy with.

We should all just get a room, just have one big huge org because.

your.

Tension b.

We get.