The only driver of the price at that point is the price that the company would buy shares back for, because that's the only vehicle to return cash. If the comp

The only driver of the price at that point is the price that the company would buy shares back for, because that's the only vehicle to return cash. If the company gave preferences to shareholders (like discounts on the trucks it makes, flights it makes, rides it shares, etc.) or only sells to them, there could be other sources of value.