Chapter 215: Traveling with Excellent Companies
In the eyes of the investment community, Guangjia Technology is a unicorn among unicorns. It is a cash cow relying on its technical patents for perovskite batteries. Coupled with its unlimited potential in commercial aerospace, it is a company that has both a present and a future.
It is precisely because of the unlimited potential of Guangjia Aerospace that China encountered a lot of criticism when it took back its shares from major investment institutions.
The targets of the repatriation here include not only foreign capital such as Goldman Sachs and Morgan Stanley, but also several private investment institutions.
Foreign media once criticized this incident, trying to link China's business environment with India because India often confiscated corporate cash, assets and bonds.
Currently, apart from China's state-owned investment institutions, only Chen Yuanguang and Lin Jia have shares in Guangjia Aerospace.
Now the founder and helmsman of this famous company actually said that options are useless. For a moment, Lu Qi wondered if he had heard it wrong.
“Mr. Chen, even Buffett claimed at the annual shareholders’ meeting that if Guangjia Aerospace were listed on the Nasdaq, it would be a target comparable to Apple.
He believes that Guangjia Aerospace is China's core asset.
What's your reason for saying that?" He was curious.
Chen Yuanguang said: "Because Guangjia Aerospace is not listed, it is not realistic to distribute dividends in the short term, and all our profits will be invested in reproduction.
The waiting time for dividends will be very long, so long that ten years may be just a unit of measurement.
To be honest, I don’t even know when Guangjia Aerospace will distribute dividends.” Chen Yuanguang smiled bitterly.
Lu Qi said: “No, even if it is not listed, even if it does not pay dividends for 30, 50 or more years, as long as you are still in Guangjia Aerospace, its stock will have huge value.
Besides, for me, I am not short of money, so things like this that can be left to future generations are more attractive to me.
So I hope that my compensation will include options as part of it.”
Lu Qi hesitated for a moment and then said, “Mr. Chen, I was transiting in Xiangjiang on my way from California to Mianyang.
I have a black card at Citibank, and this time it was not my previous personal assistant who came to provide me with services, but the vice president of Citibank Hong Kong.
He heard that I might become an executive of Guangjia Aerospace, and then talked to me about options. What they meant was that I could use my shares as collateral to get a loan from them.
They are willing to price it at a $2000 billion valuation.”
After hearing this, Chen Yuanguang was a little surprised at how quickly the news spread.
Lu Qi seemed to have seen Chen Yuanguang's surprise: "You hired a headhunting company to recruit Chinese people from all over the world, which means that it cannot be kept secret.
For Citi, it was easy to know the list of candidates.
Of course, I won’t trade with Citigroup after I get the stock, but this shows that the stock of Guangjia Aerospace has great value.”
Chen Yuanguang nodded repeatedly: "We initially considered giving executives and some core employees an option pool, where they could buy shares and hold shares as employees.
This matter has always been on our agenda, because Guangjia Technology is an employee stock ownership company and has an option system.
But later, due to various reasons, Guangjia Aerospace would not be listed in the future, and dividends were nowhere in sight, so we temporarily shelved the option pool issue.
Now that you've brought it up, I'll give it serious consideration."
Lu Qi said: "Mr. Chen, even without the stock option incentive, I am willing to take this job.
But for other technical talents, perhaps options will be more attractive to them, especially options for Light Armor Aerospace. "
Chen Yuanguang said: “Well, I will consider it.
Then you are welcome to join us. Please feel free to contact the Human Resources Department to confirm the start time. We are in a hurry.
Just waiting for you to set up the shelf.
Our plan is to send a robot to collect data when delivering human hibernation equipment to Tiangong-1 this year.
So the data collection you mentioned does not necessarily have to wait until our own space station is launched.”
The sudden appearance of Ascend 1000 not only caused the French media to once again mock America's AI blockade strategy on their own pages, but also had a far weaker impact on the capital market than expected.
Instead of falling sharply, Nvidia's stock price rose slightly.
"As we all know, given the relationship between the Federation and China, artificial intelligence chips from China will definitely not be able to enter the American market. Currently, the main markets for AI chips are only the American and Chinese technology giants, and Nvidia has not been able to fully enter the Chinese market.
The new AI chip based on topological semimetals launched by Chinese technology giant Huawei will not have a substantial impact on the current situation. Nvidia will still firmly dominate the American market in the future.
There is a certain probability that China will not refuse cooperation with American chip manufacturers, which means that in the future, we may see the birth of Nvidia chips using topological semimetals, which is good news for them."
It is based on such expectations that Nvidia's stock price rose slightly, while technology giants such as Apple, Microsoft, and META fell sharply.
"In the past, Chinese counterparts were left behind by Silicon Valley technology giants in AI applications due to the gap in computing power. With the emergence of Ascend 1000, computing power will no longer be a bottleneck, and may even be their advantage. Chinese AI applications will catch up in the future. This is not good news for META and Microsoft, but even more fatal for Apple. Both Ark and Ascend have fully demonstrated the versatility of topological semimetals in the chip field.
In the future, Apple will face enormous pressure from Chinese smartphones equipped with better performance chips."
The capital market’s response must be the fastest. Ascend 1000 only held a press conference, and Wall Street analysts couldn’t wait to give their own judgments.
This incident inadvertently showed its huge power in the various colorful numbers on the US stock market, the A-share market and the Hong Kong stock market.
"Elon, when you came to our show last year you said that by the end of next year there would be AI smarter than any human being. Do you still think so now?" asked Nicola Tangen.
Nicola is the CEO of Norway's $1.6 trillion sovereign wealth fund.
In addition to this identity, he is also the host of a radio and television program called "Walking with Excellent Companies".
Ordinary financial bloggers would definitely thank Musk repeatedly if they could invite a big shot like Musk to be interviewed, but Nikola only needed to say at the beginning how much stock of your company we bought and why I chose your company.
Even for these big names in the business world, it is an honor for them to participate in this show.
Musk nodded in the video: "Of course, I still think so, GPT has shown unprecedented progress, and Google is also on track to release its own artificial intelligence.
Artificial intelligence is the fastest growing technology I have ever seen, even faster than the fastest growth of chips in the past few years.
We began to see a revolution in the chip field in the second half of last year. Topological semimetals are rapidly replacing silicon and becoming the foundation of the entire chip industry. The speed of this replacement is faster than I expected.
This means that artificial intelligence will have stronger momentum.
So I have no doubt that we will see AI smarter than humans in the second half of this year.”
Nicholas immediately took over the conversation: "You just mentioned topological semimetals. Do you know that your competitor, Wright, is planning to enter the field of artificial intelligence?"
Musk nodded: "Of course, I noticed that he is still using Light Armor Aerospace as a carrier to expand the scale of the artificial intelligence team on a large scale, and at the same time acquired a local Chinese robot company. I predict that Wright's goal should be robot intelligence.
This is completely different from the investment direction of most companies on the market.
I would also like to correct one thing. Wright and I are not competitors. There is no competition between SpaceX and Light Mech Aerospace. There is very little market overlap between us.
Wright and I are friends, more friends than competitors.”
Nicholas laughed: "Okay, can we invite Wright to participate in our show? I can't contact him. We are remotely connected via video. He doesn't have to worry about being assassinated by the Federation.
I still hold more than 100 billion RMB worth of Guangjia Technology shares, and have always wanted to invite him to participate in our program and let him talk about his ideas on the future development of Guangjia Technology.
You know, Wright is too energetic. He has participated in most of the changes in the world in the past two or three years. He puts too little energy into Guangjia Technology. This is an excellent company, but I can't see its future clearly.
I believe that our audience friends who hold Guangjia Technology stocks also urgently need Wright to find the future direction for us. "
Musk: “Sure, I’ll contact him and see if he’s interested in coming to your show.
We had a crazy project coming up and it was a good opportunity for me to chat with him.”
Nicholas was obviously very interested: "What's the plan? Are you short of money? I can invest in you in my personal name."
Now it was Musk's turn to laugh: "Will Wright and I be short of money?"
Some media have estimated that if Guangjia Aerospace can go public, Chen Yuanguang will become the richest man in the world.
Since Guangjia Aerospace is not listed, its market value is difficult to estimate. Even so, Chen Yuanguang and Musk are always among the top ten on the world's richest lists compiled by various media.
Nicholas said seriously: "Of course if we go to Mars."
"Too bad it's not going to Mars," Musk said.
If we were to go to Mars, would you vote?"
Nicholas thought for a moment and said, "I will invest all my working capital for the year in you. I want to see what you two crazy guys can do."
Musk laughed: "Well, unfortunately not."
Nicola then asked: “Wright has devoted his energy to the field of artificial intelligence, trying to combine artificial intelligence and robots.
I think it will be used for future space mining, with a large number of robots working on the operation.
What do you think about this, and does SpaceX have similar plans? "
(End of this chapter)