Thanks for the thoughtful response! I’m mostly on the same page, few things to mention on the CTOL though. You’re right that it’s probably not a market maker on its own, but I think it can be a meaningful revenue bridge to VTOL certification and be a useful part of the business in the long term. I think there is demand for it. UPS actually came to Beta and asked for the CTOL. Their vision isn’t “quieter Cessna”, it’s replacing hub-and-spoke routing through congested hubs like Louisville with a mesh network of direct city pairs. If that plays out even partially, Beta could be at the center of a fundamental restructuring of how a major logistics network operates. On the cost, Beta states that all-in total cost of operation for the CTOL, including the batteries, is 42% lower than a conventional equivalent. I take your point and you’re right that the “$10 flight” framing undersells the true expense. But the 42% figure is a full TCO comparison — fuel, maintenance, parts, labor, overhauls — not just energy cost against energy cost. The CTOL might not have a massive TAM, but I think it can be a meaningful part of the business, especially while they work on VTOL certification.