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Austin Vernon - Energy Superabundance, Starship Missiles, & Finding Alpha
Dwarkesh Podcast
What Is Enterprise Value?
The analogy is actually qui, it's like microsoft has probably tens of thousands ofsa softer engineers who areus basically service its technical debt and making sure that the old system is run properly. Whereas a new company like tesla doesn't have to deal with that. The thing that's suberia interesting about tesis, like, it's, what is tes's market capi like, way over a trillion, right? And then toyotas is like 300 billion. It's like, so their enterprise valueis is like five times more than their, than theire market cap.
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