Valuetainment - Anduril Just Hit $90 BILLION： Is This The Future of War？

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00:00:27.560 Call 1-866-531-2600 or visit ConnectSOntario.ca. 1.00

00:00:30.000 Like, by the way, Palmer Luckey's company, Enduro, I don't want any Chinese nationals working for Enduro. 1.00

00:00:36.640 And let's go to that company anyway. 1.00

00:00:37.660 What do they make?

00:00:38.520 Well, let's get into it.

00:00:39.700 Let's get into it.

00:00:40.320 So Palmer Luckey's company, this is a guy that built Oculus, sells Oculus, worth a couple billion dollars, 32 years old, young guy, decides to start a military company building drones.

00:00:54.100 And you're like, wait, what?

00:00:55.720 What is this guy doing building military equipment?

00:00:58.620 And he does an interview.

00:01:00.000 with a video, showing the guys what they're building.

00:01:02.800 This is a drone, this is a this, this is a that,

00:01:05.160 and everybody is shell-shocked that the guy's building something like this.

00:01:07.760 Let me get to the story.

00:01:09.180 Andrel is in talks to sell insider shares at $90 billion valuation.

00:01:18.000 Andrel Industries is allowing employees to sell shares as part of a tender

00:01:21.760 that stands to value the defense technology startup at roughly $90 billion.

00:01:26.160 According to people familiar with the situation,

00:01:27.960 The tender would be given employees the chance to sell shares at $94.80 each

00:01:32.940 with overall size of the company capped at $1.3 billion.

00:01:36.560 It opened on October 13 and is set to close November 9.

00:01:39.500 The representative for Andrel declined to comment on it.

00:01:43.200 Andrel was founded in 2017 by the billionaire Palmer Luckey

00:01:45.840 and supplies a range of AI-powered products for defense,

00:01:49.260 including unmanned fighter aircraft and autonomy software surveillance tool

00:01:53.340 and augmented reality helmets for the military, which is sick what he's doing with that.

00:01:57.540 That's the picture of one of the—

00:01:58.720 What did we do?

00:01:59.320 Let me read this.

00:02:00.940 Its valuation doubled to $61 billion in May, funding round.

00:02:04.980 The company counts the U.S. Defense Department among its largest customers

00:02:09.220 generated $2.2 billion in revenue.

00:02:11.140 So, Tom, Anduril, $90 billion valuation, is it low?

00:02:16.440 Is it high?

00:02:17.000 Is it a dumb move if you're able to get in there, put $100,000,

00:02:19.860 should somebody entertain it? 0.99

00:02:20.900 And would you allow a Chinese national to work for a company like this? 0.69

00:02:24.860 Three questions in order. 0.97

00:02:25.760 Number one, I think this is a low valuation.

00:02:28.700 This is basically a venture class valuation.

00:02:32.080 And what they're doing is there's some people at the company, maybe they've been there a few years, and they want to take a little bit of money off the table.

00:02:38.840 Maybe they want to try and buy a house.

00:02:41.980 Maybe they want to pay off student loans.

00:02:43.840 Whatever it is, Pat, they want to take a little liquidity off.

00:02:46.800 And so people buy the insider shares.

00:02:49.940 What does that mean?

00:02:50.560 Say, hey, Vinny, you said you wanted to sell some.

00:02:53.280 You've got 100,000 shares.

00:02:54.440 Would you like to sell 10,000 shares at 20 bucks a share?

00:02:57.420 That's 200 grand.

00:02:58.200 Would you like to do that?

00:02:59.160 Yeah, I'd like to do that.

00:03:00.120 Okay, great.

00:03:01.000 Then you go to the company that buys those, Pat, so the company doesn't get diluted.

00:03:04.960 It's just an outsider that now owns some of those shares.

00:03:07.880 So I think that valuation, even though in the venture world,

00:03:11.860 that's usually a forward speculative forward valuation,

00:03:15.280 I think that's a little low compared to where they're going

00:03:18.100 and the technology they're showing.

00:03:19.700 So that's number one. 0.55

00:03:20.360 Number two, should Chinese nationals be allowed to work there? 1.00

00:03:24.180 Hell no. 1.00

00:03:25.080 They're working on stuff that is now up at tier one of the level of weapons that we have up there.

00:03:30.800 Well, why do you want to get a hold of one of my F-35 planes?

00:03:34.820 Why do you want to get a hold of a stealth fighter, even if it's at the bottom of the ocean because it crashed off San Diego?

00:03:39.520 One did.

00:03:40.560 They were trying to go down and get it. 1.00

00:03:42.140 Why did the Chinese want to get it? 0.96

00:03:43.680 Because you want to take it home, not copy it. 0.98

00:03:45.820 You want to build defense against it.

00:03:47.560 What can this do?

00:03:49.200 Where do I have to go to be better? 1.00

00:03:50.800 So I don't want any Chinese nationals working there. 1.00

00:03:53.660 So that was your second question. And my third question that I have is just, you know, is our government moving fast enough for the high speed venture class speed of guys like Palmer Luckey so that we can be reaching out and encouraging them to protect what they're building for? 1.00

00:04:11.480 What do you mean by that? Go a little bit deeper on that. Is our government working fast enough? What does that mean?

00:04:15.480 Yeah. Palmer Luckey is working so fast and startups are working so fast. Is our government working at that same venture?

00:04:22.080 That's never going to happen.

00:04:22.940 It's never.

00:04:23.620 Yeah.

00:04:23.960 So a government is always going to be a step behind.

00:04:26.920 But what's your point, though?

00:04:27.780 What are you going with that?

00:04:28.600 Well, that means whoever is faster than that has a crevice to ledge and exploit.

00:04:36.120 But what are these things for?

00:04:37.580 Like, are they for, like, we give them to Ukraine?

00:04:43.880 I mean, like, what are the drones for?

00:04:45.980 You didn't hear about the operation that U.S. had with Ukraine on August 15th?

00:04:49.820 Yeah, yeah.

00:04:50.360 Did you hear about that?

00:04:51.000 But did you hear about that?

00:04:53.340 What I'm saying is this.

00:04:54.320 We have a massive industry in America that requires—

00:04:56.420 Adam, did you hear about the operation?

00:04:57.800 Yeah, yeah, of course.

00:04:58.060 So what happened at the operation?

00:04:59.920 That they all crashed.

00:05:01.660 No, no.

00:05:02.260 There was a test that U.S. did against Ukraine on drones, 0.88

00:05:07.220 and guess who won the exercise? 0.99

00:05:08.740 Oh, Ukraine did.

00:05:09.640 Ukraine won the exercise.

00:05:10.980 So U.S. is like—

00:05:12.280 My question is this.

00:05:15.100 It just seems like it's a stimulus into a weak economy.

00:05:17.580 Wait, let me—so you're not worried about drones?

00:05:20.180 no if i really think that it this is just like not defense spending is such a massive racket

00:05:27.280 he's at the f-35 it's like every single aviation company just got billions of dollars and it

00:05:32.820 crashed for years i mean like these companies require conflicts to be happening in order to

00:05:37.500 make they do it and that's the issue that's like if you look at israel ukraine like we left

00:05:41.520 afghanistan and like how are these companies going to make money people talk like we gave israel

00:05:46.080 $23 billion. We gave

00:05:48.240 Boeing, Lockheed, we gave

00:05:50.720 So, your

00:05:52.700 decaf oat milk extra but not piping hot

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00:06:08.420 Here's your decaf oat milk extra but not

00:06:10.520 piping hot. Aha, thanks. Playtime's over.

00:06:13.340 Mmm, lovely.

00:06:16.080 19 plus Ontario only.

00:06:17.820 Please play responsibly.

00:06:18.460 Concerned about your gambling

00:06:18.940 or that of someone close to you?

00:06:19.620 Call 1-866-531-2600

00:06:20.900 or visit connexontario.ca.

00:06:22.140 All American companies.

00:06:22.820 The money went to them.

00:06:23.740 And then they said we're over to the...

00:06:26.160 So just the question is like,

00:06:28.340 does that benefit the American people?

00:06:30.360 No.

00:06:30.900 So pause.

00:06:31.500 Pause right there.

00:06:32.040 Let me ask you a question.

00:06:32.640 It benefits this weird guy

00:06:33.460 in a Hawaiian shirt.

00:06:35.660 Are you from the mindset...

00:06:37.660 The economy's bad

00:06:38.620 and people aren't happy.

00:06:39.740 Adam, are you of the mindset

00:06:40.980 of we shouldn't invest

00:06:42.700 in military companies

00:06:44.000 to prevent against something

00:06:45.420 in the future

00:06:45.960 that happens it's half of what we invested and ask you whether we are or not i'm asking you should

00:06:51.080 we or should we not that's a different question we defund the military no not defund the military

00:06:55.020 what does that mean yeah you're criticizing what's the point of building these military equipment

00:07:00.500 i'm asking you if you were somebody that's running would you be as interested in strengthening our

00:07:06.720 military yes or no i think if you're running on the on the strength of this uh it doesn't earn

00:07:11.940 votes. Tell me why. I think it's bad politics. No, forget about

00:07:13.880 votes. Because in a material way, it doesn't improve

00:07:15.940 people's lives. I'm not asking you about votes.

00:07:18.040 Forget about votes for a second. But that's their politicians. 0.98

00:07:20.220 They have to. But that's not what I'm asking you.

00:07:21.960 This is not about votes. None of us here are running for anything.

00:07:23.880 No, it's about people that lobby you. What I'm asking you

00:07:25.940 is, if you had a

00:07:27.920 choice, and you're wondering about the security,

00:07:29.800 would you see benefit in us

00:07:32.020 advancing our military with

00:07:33.820 something like this that Palmer Luckey is doing?

00:07:36.020 Do you see a benefit in that? What is the benefit

00:07:37.960 to American people's lives, I'm asking?

00:07:39.980 What is the benefit to American people's lives?

00:07:41.920 Yeah, by this type of spending.

00:07:42.820 What is the worst thing that ever happened to you in your life?

00:07:46.120 Whatever.

00:07:46.720 My mother died.

00:07:47.960 Okay.

00:07:48.240 How painful was that?

00:07:49.300 It was pretty bad.

00:07:50.120 Pretty painful?

00:07:50.620 Yeah, really awful.

00:07:51.180 Was there a financial consequence?

00:07:53.840 How old were you when that happened?

00:07:55.100 It was about five years ago.

00:07:57.120 Five years ago.

00:07:57.700 Okay.

00:07:57.940 I'm sorry to hear that.

00:07:58.640 Six years ago.

00:07:59.280 Okay.

00:07:59.480 Six years ago.

00:08:00.100 Sorry for your loss.

00:08:01.040 But think about yesterday.

00:08:05.660 I'm at the Dennis Prager event.

00:08:07.400 Yeah.

00:08:08.320 Okay.

00:08:09.540 Dennis Prager, two years ago, on November 12th, I want to say,

00:08:13.540 you can correct me on the date, November 11th or November 12th,

00:08:16.400 right after he does an interview with us on the podcast.

00:08:19.560 It's fairly, yeah, November 12th.

00:08:22.420 On November 12th, he's on the second floor.

00:08:25.300 Typically when he's on the second floor,

00:08:27.340 his wife's downstairs in the kitchen making breakfast and lunch for him.

00:08:31.180 That's the routine.

00:08:31.820 She's never on the second floor.

00:08:33.560 While he's on the second floor, he had bought a new razor.

00:08:37.120 He leaves the shower to go use his new razor.

00:08:40.980 When he goes outside to use the new razor, he takes it, he slips, hits his head.

00:08:47.460 Oh, yeah, yeah, two years ago.

00:08:48.920 Instantly, he becomes a paraplegic.

00:08:52.300 Paraplegic.

00:08:53.080 Quadriplegic.

00:08:53.700 Quadriplegic. 0.94

00:08:54.140 Yeah.

00:08:54.560 Yes, quadriplegic.

00:08:55.820 Yeah.

00:08:56.360 Everything is gone.

00:08:57.660 They told him, forget about it.

00:08:58.780 You guys got to have a plan to get this guy.

00:09:00.440 Okay.

00:09:00.660 Okay.

00:09:01.600 So unless you hear that story happening to someone close to you,

00:09:07.440 you don't think about it.

00:09:08.660 Last night I come home.

00:09:09.860 When I come home, I go to Jen.

00:09:12.540 The first thing I tell Jen is we just did our shower.

00:09:15.840 And we have a good-sized shower, you know, family,

00:09:17.840 all that stuff that we do.

00:09:19.240 And the floor that we have is way too slippery.

00:09:22.760 I've never liked it.

00:09:24.180 Super fancy. 0.98

00:09:25.060 I don't give a shit how fancy it is. 0.99

00:09:27.000 It's too slippery. 0.99

00:09:28.620 Last night, you know what the conversation was with us?

00:09:30.840 Hey, we've got to figure out a way to address this thing here

00:09:33.360 because it's too slippery, and we've got to fix it.

00:09:35.340 Where am I going with this?

00:09:37.480 There is naivete.

00:09:40.280 Why are we investing into this?

00:09:42.440 Why do we need to do this with drones?

00:09:44.280 Adam, you've got to let me finish, and I'm going to come to you.

00:09:46.940 Why are we doing this, and why are we doing that,

00:09:48.720 and why are we doing this?

00:09:49.560 Do you know what we've learned with war the last three years?

00:09:51.920 Here's what we've learned with wars the last three years. 0.96

00:09:54.700 The giant, the giant like Russia, 0.94

00:09:57.800 who everybody thought Russia was going to eat Ukraine 0.84

00:10:02.460 and Zelensky was going to get destroyed.

00:10:04.980 Zelensky had the best small drones that they would make for $2,000,

00:10:09.960 and they can send and build half a million of them

00:10:12.920 and send them into tankers and shut them down,

00:10:16.260 send them into ships and shut them down.

00:10:17.820 Then we learned U.S. goes against Iran. 0.76

00:10:20.740 And guess what Iran builds that Russia was using

00:10:22.960 now that Russia buys from Iran?

00:10:25.080 What are those drones called that Iran builds?

00:10:27.480 shaheed shaheed they're known for that those two countries are not known for being the using

00:10:34.340 well this is where the point i'm getting to you that what i'm trying to tell you is when you get

00:10:39.180 to a point like this it's very honorable that a guy like palmer lucky and others are sitting there

00:10:44.640 saying while the naive people are like why are we building military equipment why are we doing all

00:10:49.280 this other stuff you're living in your small little la la land that don't know what the reality of 0.98

00:10:53.880 life is when the enemy wants to take you out and then when shit hits the fan you know what you're 0.90

00:10:57.620 going to be saying why don't we have more military equipment why don't we have more drones why don't 0.99

00:11:01.460 we have better equipment no shit sherlock because you said don't invest the money so nobody ever 0.87

00:11:06.700 thinks about crisis until all of a sudden boom we're hit with it now you're saying all these 0.94

00:11:11.700 where were you what was the u.s military what was this all these years we're building into this kind

00:11:16.520 of stuff so to me there is why are we giving it to other countries i didn't tell you about other

00:11:20.800 countries we're giving it to ukraine and israel but you isolate the issue buddy there's two

00:11:25.000 different things the the one item is us we need to be strong yeah ourselves so to isolate that issue

00:11:32.020 i apply what paul morlock is doing and by the way i think i think this uh company that you're

00:11:37.320 seeing that's 90 billion dollar valuation i think in the next five years yeah uh i think anduril

00:11:44.040 has what it takes to be a one and a half to two and a half trillion dollar company in the next

00:11:49.060 five years. And I also

00:11:51.140 think a lot of other people are going to get

00:11:53.160 into this space

00:11:53.960 developing this type of military equipment because

00:11:56.920 warfare has changed in a massive

00:11:59.180 way. Do they only sell to America 0.82

00:12:01.160 or do they sell to other countries too?

00:12:02.900 That's a different conversation. Whether they sell or

00:12:05.140 not. I'm just asking theoretically. I get what you're

00:12:07.100 saying. That's a different conversation. If some of them

00:12:09.140 choose to sell it, it better be the partners.

00:12:11.080 The part where it becomes an issue is when

00:12:13.140 they sell it to an enemy. That's the part we don't

00:12:15.200 want. Can I ask you a question? Okay.

00:12:16.720 we left afghanistan right it was the longest war in american history right but like one benefit is

00:12:21.900 is that there's a massive industry that requires us spending money in order to for them to make

00:12:27.900 money right the the like defense industry right so if we leave afghanistan like uh then what do

00:12:35.800 we do and it to me in my mind i'm simple okay you guys are your your numbers guys you're much

00:12:41.120 smarter than me like uh it benefits that industry if we have people dying in different conflicts

00:12:46.420 and then we just keep sending them weapons.

00:12:48.300 No one disagrees with you.

00:12:49.740 But here's my question.

00:12:51.220 But here's the part you have to realize.

00:12:52.760 As a cynic, which you're a cynic.

00:12:55.240 I'm not a cynic.

00:12:56.160 You're saying that any time we could be attacked, that's cynical.

00:13:00.760 That's not what I'm saying.

00:13:01.700 No, it's not cynical.

00:13:02.840 That's called preventative.

00:13:04.320 That's called being – that's like I'm in an insurance –

00:13:06.760 I was in an insurance place for 25 years.

00:13:08.800 When's the last time America's been attacked?

00:13:10.500 Actually, genuinely.

00:13:11.280 I'm trying to think.

00:13:11.980 Pearl Harbor, right? 1.00

00:13:12.940 There's a reason why.

00:13:14.100 But that's not against – that's a plane.

00:13:16.420 That's not technology.

00:13:18.320 Why aren't you attacked?

00:13:19.280 Ask that question.

00:13:20.380 Yeah.

00:13:20.680 Why aren't you attacked?

00:13:22.700 Go ahead.

00:13:23.460 Why isn't anybody invading us?

00:13:24.180 Because we're the richest country in the world.

00:13:26.020 No, no. 1.00

00:13:26.280 Who gives a shit? 1.00

00:13:27.080 A lot of countries are the richest they get attacked. 1.00

00:13:28.980 Dubai has a lot of money they get attacked.

00:13:29.960 We're also across an ocean from everyone else.

00:13:32.600 Why aren't we attacked?

00:13:34.380 Geographically, we have an advantage because we're across the Pacific and the Atlantic Ocean.

00:13:37.140 Okay, so that's why.

00:13:37.880 Why else do you think we're not attacked?

00:13:39.540 Because America's the richest and most powerful country, yeah.

00:13:42.600 You think just money?

00:13:44.100 You think that's why we're not attacked?

00:13:44.960 So should we get more nukes?

00:13:46.220 We have nukes, though, right?

00:13:47.560 Why do we need these little crappy little things?

00:13:49.720 Your naivete of way of thinking.

00:13:52.380 Most people don't like their lives right now.

00:13:54.320 Your naivete of way of thinking.

00:13:55.760 That's why the Republicans are getting wiped in the midterms.

00:13:58.220 And guess what?

00:13:58.880 Because it's the economy.

00:13:59.940 It's just people aren't happy.

00:14:00.960 If it happens.

00:14:01.440 And that's why Biden got wiped, because the economy was bad.

00:14:03.260 If it happens, well-deserved.

00:14:04.920 That's how politics works.

00:14:06.420 People vote with the gas prices.

00:14:08.140 That doesn't mean it's always right.

00:14:09.720 Yeah, yeah.

00:14:10.080 People vote with gas prices.

00:14:11.240 I don't think, like, it's a little bit annoying if I find out my taxes are going to Iron Man suits

00:14:15.020 when people kind of need a lot of other things in this country. 0.97

00:14:19.500 The economy sucks.

00:14:20.540 Adam, you're doing a good job of... 0.98

00:14:22.100 No, no, I think it's a stimulus package for an industry.

00:14:25.140 That's what it is, and it's inflating a ready-weak economy.

00:14:28.000 No, you're spinning back.

00:14:28.980 You're doing something very interesting.

00:14:30.340 You're making one point.

00:14:31.340 Go ahead.

00:14:31.920 No, no, Adam, I'm sorry.

00:14:33.420 I cut you off.

00:14:34.040 Yeah, but go ahead.

00:14:34.840 I have a question for you.

00:14:35.780 You said your mother died six years ago.

00:14:37.420 Yeah, but why did you read that?

00:14:39.320 Because I'm going to ask you, buddy.

00:14:40.220 Okay.

00:14:40.680 How did your mother die?

00:14:41.500 Ponte glioma

00:14:44.520 Break cancer

00:14:45.200 I'm sorry to hear that

00:14:47.180 Now let's say hypothetically

00:14:49.940 Your mom was actually murdered by a terrorist

00:14:52.560 Or even just a bad person

00:14:53.640 What are you talking about?

00:14:54.640 I'm talking to your face about what happened

00:14:56.740 About if my mom was murdered by a terrorist?

00:14:58.700 Let's say something like that

00:14:59.760 What are you talking about?

00:15:02.560 I'm talking about your mom got murdered

00:15:04.300 Because if you'd listen

00:15:06.080 What's the last terrorist that's murdered

00:15:08.600 like my mom's

00:15:10.440 Jewish mom's in Las Vegas. What are you talking about?

00:15:12.920 I'm talking about... Was my mom

00:15:14.500 under threat of a terrorist killing her? You're a comedian, right?

00:15:16.860 Yeah, you're being funny, though.

00:15:18.220 I don't understand what you're talking about right now.

00:15:20.240 You have the ability to think outside the box, right?

00:15:21.540 It was just a crazy one you just dropped.

00:15:23.340 I love your first name. Well, what I'm saying is, God forbid

00:15:26.440 something like that happened to your mom.

00:15:28.300 Don't you think you would have a different perspective

00:15:30.560 on national security?

00:15:32.320 What Patrick is basically saying,

00:15:34.260 the economy's weak and we're inflating it with this 1.00

00:15:36.540 fucking spending. Why don't you just keep talking? 1.00

00:15:38.240 How about that?

00:15:38.980 You know I'm right.

00:15:40.360 That's why you brought up the crazy thing about my mom. 0.99

00:15:42.040 Maybe your mom had such a big headache.

00:15:43.720 If you're conservatives, you should be upset about waste.

00:15:46.020 The problem is this.

00:15:46.500 You should be upset about waste.

00:15:47.960 Except when it comes to one interest.

00:15:49.660 Adam, there's two things.

00:15:50.820 Hang on.

00:15:51.220 Why didn't Doge go to the defense department?

00:15:53.760 There's two things.

00:15:54.380 Yeah.

00:15:54.980 Hear me out.

00:15:55.520 Yeah.

00:15:56.300 We don't mind debate.

00:15:57.880 That's why you're invited.

00:15:58.980 I know.

00:15:59.340 I'm very passionate.

00:16:00.100 No.

00:16:00.440 We invited you.

00:16:01.620 I know.

00:16:01.900 And we respect our team.

00:16:02.700 But what I will say is I'm so excited.

00:16:04.640 That's why I'm doing this.

00:16:05.260 I get that.

00:16:06.140 It's thrilling.

00:16:07.000 Hang on.

00:16:07.320 But if we're going, allow the other person to speak.

00:16:10.000 It's rude of me.

00:16:10.860 I apologize.

00:16:11.340 Adam, I apologize.

00:16:12.220 We will give you the time.

00:16:13.280 Trust me.

00:16:13.740 We enjoy this.

00:16:14.580 No, I'm hogging the time.

00:16:15.420 I'm hogging the time.

00:16:15.700 You are.

00:16:16.200 So allow the others to speak, and we'll come to you.

00:16:18.220 I want to hear your thoughts.

00:16:19.420 So, Tom, what do you say to the argument he's making?

00:16:22.800 Well, first of all, you're kind of spinning and conflating two things,

00:16:27.780 and it's kind of a classic debate.

00:16:30.520 I don't want money to go for that.

00:16:31.660 American people are starving.

00:16:32.760 There's all these things American people need.

00:16:34.160 Yes, there are.

00:16:35.140 There's a lot of things American people need.

00:16:36.940 they're not getting from their government and their government is screwing up a lot of things

00:16:39.920 that they do need i get that but this to be safer defense has been a deterrent that's not a

00:16:46.760 conservative position that's a historical fact defense has been a deterrent right and we have

00:16:52.820 nukes already though like that's why it's a deterrent oh wait a minute wait a minute i have

00:16:57.980 a car already it's 10 years old there's advancement we're gonna upgrade it no you can't roll your eyes

00:17:03.300 Is it that?

00:17:03.660 You know that's correct.

00:17:04.920 It doesn't move the needle.

00:17:06.720 Wait a minute.

00:17:07.300 Wait a minute.

00:17:07.920 You're a gamer.

00:17:08.860 You're a gamer today.

00:17:09.940 You have an Alienware.

00:17:11.020 No, my Alienware computer is like six years old.

00:17:13.040 I'm going to get smoked.

00:17:13.780 Adam, if you have...

00:17:14.800 You know what I mean.

00:17:15.820 So nukes.

00:17:16.640 Go to nukes.

00:17:17.460 Okay.

00:17:17.780 It's crazy.

00:17:18.380 They should exist.

00:17:19.100 They're so scary.

00:17:19.760 That's no problem.

00:17:20.620 So that's the position.

00:17:21.540 Scary to who?

00:17:22.600 You should be able to end life on Earth.

00:17:24.580 It's crazy that it exists.

00:17:25.540 If you have nukes, which we do today, it's too late.

00:17:28.940 We have it.

00:17:29.800 Okay?

00:17:30.160 So that's gone.

00:17:30.840 Okay.

00:17:31.560 How many times have we used it in war?

00:17:33.480 Twice.

00:17:34.280 Twice, okay.

00:17:35.320 How often is a weapon like that used?

00:17:37.520 Not that often.

00:17:38.240 Yeah.

00:17:38.600 Okay.

00:17:39.320 So saying you have nukes, but you're watching a war that's being won by drones,

00:17:45.120 and we are weak in drones, don't you think we need to elevate that part of our game?

00:17:48.240 I think that it would be a deterrent.

00:17:50.240 It's a very logical question.

00:17:52.060 The drones would not be a deterrent against America being attacked.

00:17:55.140 You would be amazed how much it would be, because nowadays, if the 60s.

00:17:59.560 Did you watch the 60s?

00:18:00.300 Because the drones?

00:18:00.640 Did you watch the 60-minute interview this week with the director of Secret Service?

00:18:04.280 No.

00:18:04.580 Okay, it's a pretty good interview.

00:18:05.660 So the guy is saying attacks on – can you pull up the stats that he pulled up?

00:18:14.000 Attacks are up 25 to 26 by 41 percent.

00:18:17.400 On what?

00:18:17.740 That's what he says.

00:18:18.380 Attacks on the U.S., threats on the U.S. is up 41 percent.

00:18:22.840 Then they asked him the question about drones, and his answer is,

00:18:25.920 quite honestly we don't necessarily have the best defense against it right now and they're showing

00:18:31.580 some of the equipment that they have for drones but we don't have that you know what the job of

00:18:35.320 somebody that runs secret service or the military is they don't think like you do they don't think

00:18:39.780 like you do that's their wiring is not like you their wiring is we got a really big military

00:18:45.260 their wiring is how do i as big of a military as we have huge military advances and we're behind

00:18:51.800 That's what that is.

00:18:53.020 Wars change, and we're behind. 0.98

00:18:55.160 Like Russia. 0.74

00:18:56.080 You know how many nuclear bombs Russia has?

00:18:58.020 5,000.

00:18:59.100 5,100.

00:19:01.540 So scary?

00:19:02.100 How scary is that?

00:19:03.080 Is Ukraine scared?

00:19:05.700 Why is Ukraine not scared of Russia?

00:19:07.600 Why is Ukraine not afraid of Russia?

00:19:10.460 Why is Ukraine not afraid of Russia?

00:19:11.680 Because they're getting some nice military.

00:19:13.080 Because nobody uses nuclear weapons.

00:19:15.480 And so we're learning.

00:19:16.520 Why are they there?

00:19:17.480 Why is who there?

00:19:18.140 The turrets.

00:19:18.580 You know not to wipe us out because we're going to wipe you out.

00:19:20.740 That's invention.

00:19:21.620 That's something that invention happens.

00:19:23.060 It is scary.

00:19:24.820 Why is a taser or a gun on the hip of a cop?

00:19:28.320 Because it's a police.

00:19:29.940 Well, that's the first thing they use.

00:19:31.040 No, no, I'm just saying.

00:19:32.080 Because he's going to arrest people.

00:19:33.280 Well, and?

00:19:34.840 What?

00:19:35.340 He's a deterrent.

00:19:36.380 Well, he's a cop, too.

00:19:37.340 You don't want to do things.

00:19:38.080 Okay.

00:19:39.060 What do you think the military has?

00:19:40.760 Transcend to a country.

00:19:41.700 That's the naivete.

00:19:43.040 That's the naivete.

00:19:43.680 You think that we should be patrolling everywhere like a police?

00:19:47.180 Oh, no, no.

00:19:47.660 She flipped the answer to that.

00:19:49.360 I'm just asking.

00:19:49.860 You guys think I'm debating.

00:19:51.100 I'm really just inquisitive more than anything.

00:19:53.300 It's not debating as much as it is annoying.

00:19:55.240 No, no, buddy.

00:19:55.800 You guys are numbers, guys, and I don't think you buy this.

00:19:57.780 I think you're just riding for Trump right now.

00:19:59.880 This has nothing to do with Trump.

00:20:01.300 It has nothing to do with defense.

00:20:02.140 If you're a conservative, if you're a conservative, waste should be your number one issue.

00:20:07.180 We are wasting.

00:20:08.060 I feel like you're trying to make 10 points in one.

00:20:10.040 No, no, no.

00:20:10.760 Listen.

00:20:11.080 You are.

00:20:11.620 No, listen.

00:20:12.380 It is a simple fact.

00:20:13.840 Adam, what's your outcome of being here today?

00:20:16.220 Hang on a second.

00:20:17.040 What's your outcome of being here today?

00:20:18.160 Fan experience.

00:20:18.820 Imagine being honest with you.

00:20:21.420 What's your outcome of being here today?

00:20:22.900 This is thrilling.

00:20:23.480 I'm genuinely enjoying it so much.

00:20:25.220 You just said you guys are all Trump-led.

00:20:27.420 What did you just say?

00:20:28.540 Writing for Trump.

00:20:29.720 Writing for Trump.

00:20:30.480 Yeah, I think it's because—

00:20:31.600 Have you heard anybody here say you're just writing for Obama or Biden or AOC?

00:20:36.220 Have you heard us say that to you?

00:20:37.320 No.

00:20:37.820 No, so what are you doing saying that?

00:20:38.680 Because I'm not, because I don't like either.

00:20:40.580 We have a very regular conversation.

00:20:41.760 I love them, though.

00:20:43.000 We have a very regular conversation where we go through different issues.

00:20:45.960 But for you, you go here, and then you get cornered.

00:20:48.620 You go here, and then you get current.

00:20:49.680 You go here.

00:20:50.040 That's what you're doing.

00:20:50.760 Defense, listen, it's a massive industry.

00:20:52.780 They lobby politicians.

00:20:54.080 They have a factory in their district.

00:20:56.740 They get a stimulus package.

00:20:57.860 Eisenhower, a Republican president, said be careful with the military industrial complex.

00:21:02.180 So what's your point?

00:21:03.460 Because now you're advocating for something.

00:21:04.800 But you have one of two things I'm asking.

00:21:06.820 You still haven't answered.

00:21:08.100 My point is this.

00:21:09.020 My point is this.

00:21:10.080 Look at that M35 program.

00:21:11.180 Let me ask you a question from you.

00:21:12.240 It is a stimulus to every single aviation company.

00:21:15.200 You're not going to do this.

00:21:16.040 If I'm talking to you, let me ask you a question.

00:21:17.920 You have two choices.

00:21:19.620 If you're a leader, do you want to see innovation?

00:21:23.220 They say that every time.

00:21:24.340 If you want to see innovation in us producing better military equipment that's been used the last three years in war,

00:21:30.520 or you're saying, no, forget about it.

00:21:32.120 It's not a top ten list for me.

00:21:33.620 I'll tell you when I would want that.

00:21:35.140 You didn't answer the question.

00:21:35.560 No, I'm answering you.

00:21:36.660 I would want it if I had a lot of stocks in military defense companies.

00:21:40.860 But now you're being sarcastic.

00:21:42.240 No, I mean it.

00:21:42.820 And you're not.

00:21:43.200 I would want it because I make money.

00:21:44.200 I don't have stock in Anduril and I want it.

00:21:45.620 I'm not saying you would.

00:21:46.260 But I'm talking – don't play the game.

00:21:48.300 You think of that being –

00:21:48.980 Answer the question.

00:21:49.640 Dude, I don't – I never do debates.

00:21:51.320 It's yes or no.

00:21:52.240 Which of them is it?

00:21:53.100 I think –

00:21:53.540 You have a choice.

00:21:54.320 That the economy stinks, and I think that this and AI are artificially propping it up right now.

00:21:59.120 Okay, so this part.

00:22:01.060 So to you is we don't need to make better military equipment.

00:22:03.920 Let's not incentivize former lucky.

00:22:05.480 Do you live in fear of a terrorist shooting your mom in the head every day?

00:22:08.580 Do I live in fear?

00:22:10.240 You should.

00:22:10.820 Do you think – I should?

00:22:12.320 The reason why –

00:22:12.880 What terrorist?

00:22:13.900 Adam, the reason why, why don't you, though?

00:22:16.720 Because I'm a sane human being. 1.00

00:22:18.300 Why do people in the Middle East do, though? 1.00

00:22:19.740 Why do other countries do?

00:22:20.520 Because we're not, I'm saying, in my life, I don't live in fear that I'm a nation.

00:22:23.600 Why, though?

00:22:24.100 Why don't you?

00:22:24.900 That's an honor.

00:22:25.580 That's a privilege.

00:22:26.660 No, no.

00:22:26.960 Why don't you, though?

00:22:27.860 Is that your world?

00:22:28.560 Answer the question.

00:22:29.660 Why don't you worry about it?

00:22:31.180 Because are you out of the world?

00:22:32.600 Like, that's not what happens.

00:22:33.380 No, no.

00:22:33.660 You're out of the world.

00:22:35.000 Terrorists don't shoot people in the head.

00:22:36.520 What countries have you lived in for more than three years?

00:22:40.540 America.

00:22:41.220 Okay.

00:22:41.580 I love it.

00:22:42.160 What other places have you lived?

00:22:43.280 What other places have you lived?

00:22:44.440 South Africa and Israel.

00:22:45.900 Israel. 0.85

00:22:46.340 Why do you think here? 0.77

00:22:48.440 Yes.

00:22:48.960 Why do you think you're so safe here and you're not worried about it?

00:22:51.300 Because South Africa is fighting for us.

00:22:53.480 Why are you not worried in America that you're not going to be—

00:22:56.380 Because we have nukes and we have the biggest economy and the biggest military already.

00:22:58.960 Oh, so because of that—

00:23:00.080 Every single time there's an appropriation, they say, what if you get killed and they spend more money?

00:23:03.900 So you're welcome.

00:23:05.600 You're welcome.

00:23:06.200 You know it's lobbying.

00:23:06.900 You're welcome. 0.95

00:23:07.780 You know it's dirty.

00:23:09.740 Again, you're playing the game of two things.

00:23:12.620 I don't know.

00:23:13.260 You're playing the game on two things.

00:23:14.340 But you're a numbers guy.

00:23:15.280 You know this.

00:23:16.180 You know this, Pat.

00:23:17.200 You're funny.

00:23:18.020 So, listen.

00:23:18.520 You're a numbers guy.

00:23:19.000 We can play sarcasm and have fun.

00:23:20.640 It's not sarcasm.

00:23:21.460 That's that part.

00:23:22.180 You still haven't answered the question.

00:23:23.460 What?

00:23:24.040 Why do you feel safe in America?

00:23:26.900 Because we're the strongest country. 1.00

00:23:28.360 No shit, Sherlock. 1.00

00:23:29.380 How did it happen? 1.00

00:23:29.860 So, why do we have to buy these gizmos for this weird ride?

00:23:31.580 Because you have to stay that way.

00:23:33.240 It's called Only the Paranoid Survive.

00:23:34.660 That's what they say every time.

00:23:36.180 No, right now we have to, like.

00:23:37.200 Have you ever ran a business?

00:23:38.380 Have you ever ran a business?

00:23:39.660 Yes, I do.

00:23:40.340 Do you have kids?

00:23:41.180 Currently.

00:23:41.520 You don't have kids yet, right?

00:23:42.560 No, I don't have kids.

00:23:42.620 When you do have kids, you know how you're going to look at the world?

00:23:44.580 I love this, by the way.

00:23:45.420 Are you going to have kids one day?

00:23:46.620 Of course, yes.

00:23:47.240 I can't wait for it to happen.

00:23:48.200 When it happens, call me.

00:23:49.980 I want to congratulate you.

00:23:51.460 But I can't wait to see if you have a daughter and a son and how different you look at the world.

00:23:55.720 I'm hoping daughter.

00:23:56.860 Whatever it is.

00:23:57.520 Okay, we're going to go to Shane Gillis and what's the one, the abortion guy, the lady that had a son, and she got it aborted on TikTok.

00:24:04.380 Oh, yeah.

00:24:04.800 She celebrated it. 1.00

00:24:05.600 Someone had an abortion on TikTok? 0.99

00:24:07.340 Yeah. 1.00

00:24:07.520 So now we're having fun again.

00:24:09.060 When that happens.

00:24:10.140 Can we all apologize to each other for our argument?

00:24:12.200 No, Adam.

00:24:12.920 I love you guys.

00:24:13.640 When that happens.

00:24:14.440 Yeah.

00:24:15.080 When that happens.

00:24:15.980 I don't share your worldview.

00:24:17.360 No, no.

00:24:17.800 It's fine.

00:24:18.920 It's not as fine.

00:24:19.860 I don't think a terrorist is going to shoot me in the head.

00:24:21.840 I'm sorry. 0.81

00:24:22.700 You sound a little crazy saying that. 0.92

00:24:24.320 You sound hysterical. 0.98

00:24:25.460 Where do you live?

00:24:25.920 In New York?

00:24:26.720 The reason why. 0.96

00:24:27.940 My mom died from cancer.

00:24:28.880 Maybe we should fight cancer.

00:24:30.000 That's his argument. 0.97

00:24:30.520 Instead of a terrorist shooting you in the head. 0.90

00:24:32.160 I'm sure your mom maybe died of a headache. 0.99

00:24:33.840 That's one of the worst ones. 0.96

00:24:34.420 Your mom might have died of a headache.

00:24:35.700 The brutal, brutal one there.

00:24:38.000 My mom died of a headache?

00:24:39.820 You made a joke about that?

00:24:41.140 Yes.

00:24:41.740 About her brain cancer?

00:24:43.180 Yes.

00:24:43.860 Pat, go on.

00:24:45.340 That's inappropriate.

00:24:46.640 There's no time out.

00:24:47.440 That's inappropriate.

00:24:48.200 He made a joke about my mother's brain cancer on a live stream right now.

00:24:51.920 She died from a headache.

00:24:53.280 I don't know.

00:24:53.700 You said you're giving me a headache.

00:24:56.980 Adam?

00:24:57.700 No, no.

00:24:58.060 I didn't hear that at all.

00:24:59.340 Oh, you said that. 0.77

00:25:00.340 I gave her a headache. 0.89

00:25:01.680 Not her brain cancer.

00:25:02.740 Let's move on.

00:25:03.700 Let's move on with this story.

00:25:04.940 No, no, no.

00:25:05.600 I think I think.

00:25:06.100 For this format.

00:25:07.280 I'm not going to.

00:25:07.780 You don't work for this format.

00:25:08.820 No, no, no, no, no.

00:25:09.760 That's a very insulting thing.

00:25:10.900 You don't work for this format.

00:25:12.320 Why?

00:25:12.480 This format for you.

00:25:13.600 You're not even letting the conversation take place.

00:25:15.700 It's not annoying.

00:25:16.500 We have a lot of annoying people that are on.

00:25:18.680 This is not a left or right thing.

00:25:20.280 You're winning.

00:25:20.660 We've had a lot of people on the right we'll never have on because they can't handle this conversation.

00:25:24.560 I love it.

00:25:25.560 It's not you love it.

00:25:26.580 Allow the format to go.

00:25:27.980 But that's not the format.

00:25:29.040 I don't know what he said.

00:25:29.940 I didn't hear what he said.

00:25:30.620 But Pat, you're in charge.

00:25:32.480 You've got to deal with that.

00:25:33.000 What did he say?

00:25:33.820 He said my mother died of a brain headache.

00:25:36.660 I asked how your mom died.

00:25:37.820 I said maybe we should solve cancer and not terrorism.

00:25:39.040 What happens if she died from a terrorist attack?

00:25:41.200 No, no, you didn't.

00:25:42.260 You just said, sorry about your mom.

00:25:43.380 Adam, you're going to get in trouble.

00:25:44.440 Sorry about your mom.

00:25:45.020 You're going to get in trouble.

00:25:45.760 No, no, this is not good for you guys.

00:25:47.060 This is not good for valutainment, if that gets out.

00:25:49.580 Unless I misheard it.

00:25:51.220 Maybe you misheard it.

00:25:52.140 You said if it got out.

00:25:52.660 Dude, we're a live show.

00:25:53.700 I know.

00:25:54.140 You're going to hear that he made a joke about brain cancer.

00:25:56.480 Cut it up and react to it.

00:25:57.840 I don't want to.

00:25:58.600 I don't want to be part of this world.

00:25:59.620 I'm sorry about your mom, buddy.

00:26:01.440 I love Vinny, and the rest of you guys are short theorists right now.

00:26:04.700 Let me go to the next story.

00:26:05.200 I'm going to get to the next story.

00:26:06.660 Let's go to the next story.

00:26:07.860 I don't really want to move on right now.

00:26:09.400 This format.

00:26:10.160 You can go to the bathroom if you want for a second.

00:26:11.860 All right.

00:26:12.080 Let me get to the next story. 1.00

00:26:13.180 No, you should fuck off. 1.00

00:26:14.400 Next. 1.00

00:26:14.800 Don't say that about my mom.

00:26:16.420 Are you okay?

00:26:17.600 You're getting emotional.

00:26:18.140 You shouldn't say, make a joke about someone with brain cancer.

00:26:21.840 You've been joking this entire podcast.

00:26:23.520 About someone's mother died of brain cancer.

00:26:25.220 I said, how did your mom die?

00:26:27.220 Adam, you live, be civilized.

00:26:29.920 Okay, what would you like me to do, buddy?

00:26:31.360 I'd like you to be an adult.

00:26:33.160 What would you like me to do?

00:26:34.000 I'd like you to be an adult, and I'd like you to take accountability.

00:26:36.520 Okay, I'm sorry. 1.00

00:26:37.180 That's fucking fucked up, man. 0.99

00:26:38.760 I'm sorry that I asked about your mom. 1.00

00:26:40.040 I can't believe a human being.

00:26:41.540 Are you going to be okay?

00:26:42.100 You didn't ask.

00:26:42.880 No, you didn't ask.

00:26:43.500 I asked how your mom died.

00:26:44.880 Dude, you're going to get in trouble.

00:26:46.160 Am I going to get in trouble?

00:26:47.740 From who?

00:26:48.360 If you said from who, I don't care, dude.

00:26:50.800 From who?

00:26:52.260 I'm being normal and nice.

00:26:53.780 I'm not being professional.

00:26:54.140 No, you're not.

00:26:56.040 No, you're not.

00:26:56.680 Are you okay, young man?

00:26:57.380 So, your decaf oat milk, extra but not piping hot, four pumps of caramel, no sugar, small latte, and a large cup.

00:27:03.240 That will be 10 minutes.

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00:27:14.120 Here's your decaf oat milk, extra but not piping hot.

00:27:16.700 Ah, thanks. Playtime's over.

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00:27:19.980 Feel the fun. PlayOjo.

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00:27:23.920 Concerned about your gambling or that or someone close to you?

00:27:25.180 Call 1-866-531-2600 or visit ConnectsOntario.ca.

00:27:28.640 What I'm going to say is, if I misunderstood you, I apologize.

00:27:31.740 Okay.

00:27:32.200 But if you said what I understood you...

00:27:34.020 I'm not being malicious towards your mom.

00:27:34.680 It seems like you're being antagonistic.

00:27:36.220 No, no, that is antisocial.

00:27:37.800 Adam, do you know how his dad died?

00:27:40.540 How?

00:27:41.280 How did your dad die?

00:27:42.340 It was very tragic, but let's not go there.

00:27:44.560 It's fine.

00:27:46.000 I wouldn't make a joke about it.

00:27:47.540 He wouldn't joke about your mom, buddy.

00:27:48.880 He wouldn't joke about your mom.

00:27:50.080 That's not what happened.

00:27:50.880 No, no, I'm moving on.

00:27:51.760 That's not what happened.

00:27:52.720 Are you able to do this or you want to leave?

00:27:55.200 Me?

00:27:55.660 Yeah.

00:27:55.980 Triggered?

00:27:56.520 Are you able to do this or you want to leave?

00:27:58.520 Because I want to have – I've got eight more stories to go through.

00:28:00.900 Okay.

00:28:01.480 Do you want to do this or you want to move on?

00:28:03.440 I'll move on.

00:28:04.380 Okay.

00:28:05.160 For some of you, yesterday we're at this event.

00:28:07.380 This guy comes up to me and says, hey, so the FLB shoes, before I buy it,

00:28:10.720 you know, what size do they run?

00:28:11.900 Is it one size high, one size this?

00:28:13.800 And, you know, Tom's like, look, they run a little bit bigger,

00:28:16.960 half size bigger.

00:28:17.740 So if you want to get this, get this size.

00:28:19.240 Right there, the guy buys an FLB shoe sitting right next to Tom,

00:28:21.740 and we both had FLB shoes on.

00:28:23.400 But I want you to watch this here for the loafers.

00:28:26.600 And if you haven't yet picked one of these up,

00:28:28.440 they're the most comfortable loafers you can wear out there.

00:28:31.820 So if you can play from the beginning,

00:28:33.100 and then we'll get right into the podcast.

00:28:34.400 Go for it.

00:28:35.260 Handmade in Portugal.

00:28:37.300 Their craftsmanship is a way of life.

00:28:39.980 For those who move through life differently,

00:28:43.240 from sunlit decks to nights that never need an occasion,

00:28:47.500 every detail is considered.

00:28:49.200 every step effortless crafted from fine suede and built with builder technology

00:28:56.400 designed to move with you because true luxury isn't about being noticed

00:29:02.040 it's about how you feel when you arrive the flb icon loafer made for the life you've earned

00:29:10.980 by the way the most comfortable loafers you'll wear go to flb.com if you haven't ordered them

00:29:17.440 yet. I think they are in brown, stone, and

00:29:19.420 navy blue. They're gorgeous. Again, go

00:29:21.380 to FOB.com, place your order. If you enjoy

00:29:23.280 this video, you want to watch more videos like this, click

00:29:25.280 here, and if you want to watch the entire podcast,

00:29:27.820 click here.

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00:29:54.840 Feel the fun. Play Ojo.

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00:30:01.300 or visit ConnectsOntario.ca.

Valuetainment - October 17, 2026

Anduril Just Hit $90 BILLION： Is This The Future of War？

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