00:00 Speaker A

Musk did not prevail. He has said he is going to appeal. The real, um, thing at stake here in this trial seemed to be, um, is OpenAI going to be able to continue on in its current current path and go public. And

00:13 Speaker A

it seems like it can if it wants to.

00:16 Speaker B

It seems like the road is now open for that.

00:18 Speaker A

It is open. This is an obstacle that has now been removed for them.

00:23 Speaker B

Right. Huge, huge hurdle of, can we stay for profit? Do we have to And if if they were forced to change their model, that would have really scrambled IPO plans.

00:29 Speaker B

Or if Elon Musk got his way and Sam Altman and Greg Brockman had been removed from the board of OpenAI. What does that do to an IPO where Wall Street would have been looking for the leadership of Sam Altman to be leading that charge.

00:45 Speaker A

Yeah.

00:46 Speaker B

Kind of regardless of the narratives that have come out around Sam Altman in recent months. And they’re also going to be looking at the fact that Anthropic

00:54 Speaker B

is reportedly doing a funding round that’s going to value them around $900 million. They are coming up on reportedly their own IPO. SpaceX is likely to we’re likely to see an S1 from SpaceX in the next probably a couple of weeks with an IPO in the next few months. So you see this market for major major market entrance just getting bigger and bigger and bigger.

01:13 Speaker B

And if I’m OpenAI, my guess is they’re not going to want to miss out on that, especially because of the promise of public capital and how much excitement you see from the investor base. But at least one hurdle is gone. Whether it changes the public narrative, I think is still, you know, cat’s out of the bag.

01:21 Speaker A

Yeah.

01:27 Speaker A

Yeah, yeah, yeah, yeah. The other interesting thing about the timing of this is this this hands Musk a defeat on the eve of the SpaceX S1 filing. I would argue probably doesn’t matter. Like I think people who are who are interested in pouring over that. It doesn’t really have any sort of business

01:34 Speaker B

No.

01:41 Speaker B

No.

01:42 Speaker A

or really any kind of um public relations issue for him.

01:45 Speaker B

No. And if you look back to when Musk was in Washington under the the Doge uh commission and really stirring a bunch of headlines and kind of antipathy toward him and his companies, that’s kind of faded. There’s almost a Musk, you know, uh instability price statin as I’ve heard a few strategists put it, right? And so I don’t know if this court defeat that really wasn’t about Tesla or about SpaceX or even about XAI Right.

01:54 Speaker A

Yeah, yeah, yeah, yeah.

1:59 Speaker A

Mhmm.

2:04 Speaker B

is really going to throw this plants off especially when SpaceX is looking like it’s going to be the biggest IPO of all time. And really the pitch there is the rocketry, not can we compete with Open A?