We have a lot to get to. Seraphim You know, an investor in all kinds of different space assets and it's the space asset that I think is central to this this space sector IPO story. My reporting is that they want to raise the capital for the space.I cluster the space. I stack space. Space data center.Your reaction to that, Will. Well, I think that's probably right. And I think that this is a seismic event for the entire space industry.We're not going to see the light of this. I think it's going to cause huge ...

It's one of these situations where there is the Wall Street view on this deal. The structure of the deal. And then there is the.What does this mean for Hollywood. And the reason I'm so excited to have you on the program is I think we could probably talk about both. But this is the first opportunity I've had to talk to you about two competing bids.I set the stage for it on Netflix, is offer cash and stock and Paramount's offer. What is your position at this time and what is your research into the competing b ...

There's a lot that you and I have to cover on a potential Space X IPO, which we've reported is for the entirety of the business, right. Not just StarLink, but actually important to start with. And you would note that SpaceX X is is the private company that users of your platform are most interested in.And in quantifying that for us, just transparently explain what Equity Z and relationship to space X is private market shares is. Sure. Thanks for having me.Yeah, you. You hit the nail on the head. Space X is ...

You have used M&A as a strategy. You have very interesting infrastructure where you're running H1 hundreds, principally upgrading to Blackwell generation. Yes, those are very specific to the modalities of image and audio.That's right. Right. But outside of that infrastructure, you've gone out buying companies are you can even use some of the money raised for that purpose.Absolutely, yes. Why. What's the logic.Definitely. I mean, it's it's it's definitely a very fast race right now, trying to become one of t ...

What's interesting is we've heard from President Trump that it might be an issue of Netflix becoming so significant in size. You own Netflix shares. What do you make of it.Well, I think there's some truth to that. Netflix is sort of the big monster out here in Hollywood. And and there's only so many places to sell your movies.So if you take out Warner Brothers, you're basically going to head even more often to try to sell projects. So. So there is some truth to that.I think when you look at the broader medi ...

Regulatory Scrutiny & Market Definition - A proposed deal of significant size and value will inevitably face regulatory review, particularly under the codified guidelines and rules established in 2023 [1] - The definition of the relevant market is a key consideration for regulators, specifically whether it encompasses online streaming subscription services or a broader "attention economy" [3][4] - Regulators globally, including those in the EU, may present roadblocks, raising questions about the potential for international debate and differing regulatory perspectives [7][9] Consumer Welfare & Antitrust Law - U S antitrust law is based on the consumer welfare standard, focusing on whether a merger or acquisition harms consumers by negatively impacting prices or quality [5][6] - The evaluation should be based on sound economic factors, rather than subjective opinions about the number of players in the streaming market [6] - Netflix has proactively argued that consumers will benefit from the deal, gaining more value for their subscriptions [10] Content Creation & Industry Impact - The market definition may include markets for content creation, raising questions about the role of user-generated content versus studio-created content [11][12] - The narrative surrounding the deal may focus on its potential impact on jobs and creativity within the Hollywood industry [11]

What do you make of this potential for invidious or at least, and whether or not China will indeed import the market reaction from your perspective. Well, this is a win for Nvidia, but it has to be taken with a pinch of salt because we already hear that there are tensions among US politicians regarding what this means for the national security for us is a very sensitive segment of business. China is sure to let its own companies buy these chips for the same national security issues and also because they are ...

After Paramount came out with its own hostile takeover offer yesterday, Netflix co-CEO Ted Sarandos says he's not too worried. He spoke at the UBS Global Media and Communications Conference in New York yesterday. Just take a listen.Today's move was entirely expected. We have a deal done and we and we are incredibly happy with the deal. We think it's great for our shareholders, it's great for consumers. We think it's a great way to create and protect jobs in the entertainment industry. We're super confident ...

Right. Let's get to the Nvidia story and bring in Annabelle Droulers, of course, our tech correspondent, here with us to help us understand the .. okay.Why don't you get us started. I think you guys actually got us started. But yeah, just to recap some of what you said there.So the Trump administration has decided to allow sales of the H200 chip to China. This is something that Nvidia has been lobbying for for several weeks, if not longer. And even as Jensen Huang in Washington, for instance, last Wednesday ...

You have so much rich data as to perhaps some of the nuances when it comes to Europe versus U.S.. Why Jamie Dimon cares about defense right now is because it's geopolitically important, is economically important. And he's putting $1.5% trillion initiative for the next ten years.Roger, what was it that you took away from the event in terms of money coming towards defense, Defense tech in particular. Well, really, we're seeing this renewed dynamism in the national defense community. I mean, we started the Rea ...