In the case of SpaceX, their potential market is users of AI. This market is small now, but could potentially grow. And they have large competitors in this space. What can they offer that the others don't? As for their other businesses, they are ahead in launch, but there are other potential competitors, and it's not that big a market. Communications, the one business where they are making a profit, has lots of large competitors. Their only moat there is areas where it is too expensive to run fiber, which means mostly mobile applications and remote areas.