SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity

SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity (0:00) Bestie intros! (0:12) SpaceX IPO, the economic opportunity of space: a new industrial frontier (21:00) 2026 IPO explosion, OpenAI down round? (36:33) Iran War costs, fertilizer crisis, downstream impacts (49:58) Trump's Iran messaging problems, Bondi out, why the US is in Iran (1:04:18) Quantum Bitcoin hack possibilities, how crypto should react Retardmaxxing: https://www.youtube.com/@ElishaLong Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.bloomberg.com/news/articles/2026-04-01/spacex-is-said-to-file-confidentially-for-ipo-ahead-of-ai-rivals https://companiesmarketcap.com https://www.youtube.com/watch?v=Tf_UjBMIzNo https://courts.delaware.gov/supreme/oralarguments/download.aspx?id=5549 https://polymarket.com/event/ipos-before-2027 https://www.bloomberg.com/news/articles/2026-04-01/openai-demand-sinks-on-secondary-market-as-anthropic-runs-hot https://x.com/DrewPavlou/status/2038967293343096896 https://polymarket.com/event/us-x-iran-ceasefire-by https://polymarket.com/event/us-forces-enter-iran-by https://tradingeconomics.com/commodity/urea https://www.natesilver.net/p/trump-approval-ratings-nate-silver-bulletin https://polymarket.com/event/march-inflation-us-annual-higher-brackets https://www.instagram.com/reels/DWhj1SrjvTU https://www.youtube.com/@ElishaLong #allin #tech #news All right, everybody, welcome back to the number one podcast in the world, The All In Podcast. David Sacks couldn't make it this week, but we have the trio. David Friedberg is here, your Sultan of Science, Chamath Palihapitiya, SpaceX filed confidentially to go public on April 1st, targeting a $1.75 trillion, with a T, valuation. When SpaceX goes public, if it's at that $1.75 trillion valuation, so we're just a trillion-dollar valuation for an IPO, they would be the eighth largest company in the world, right behind TSMC and Saudi Aramco. They're both worth $1.7 trillion at the taping of this podcast. Tesla is number 10 with $1.37 trillion valuation. Hey, if you were to combine those two, as many people are speculating, will happen at some point, and you can buy the stock ticker ELON, that would be a $3.1 trillion company, and that would make them the fourth largest company ahead of Microsoft. They're aiming to raise Chamath $75 billion, which would be the, by far, the biggest raise ever in an IPO. Expected to go out in June. I think they were trying to hit the 4/20 date because that would have been even more hilarious, but they're not going to be able to do that. SpaceX recently acquired X.ai for $250 billion. That includes X and Twitter and the XAI large language model AI company. Starlink, generating between 50 and 80% of SpaceX's revenue. We'll have all those details shortly. And it'll be close to $20 billion a year, according to reports. Launch of rockets is the other 40% of the business, $5 billion in 2024, according to reports. Total revenue 2025, $15 to $16 billion with $8 billion in profit, according to Reuters. So let's stop there. And we're going to talk about all the other IPOs that could be coming. Chamath, I think people really want to know, and you may have mentioned this on an earlier episode, what are the chances that Tesla, after if this IPO goes well, that Tesla and SpaceX could wind up being the same company? We saw they're collaborating on a fab. 100% is what you're putting it on. Okay. Okay, sorry, let me, let me be clear. 99.999%. Okay. What will that mean when, if those two companies, or when those two companies merge, one of the great things that happened in my career was there was a point where, you know how like you grind at a level and then, you know, you just get exposed to things at a different level and then you grind for years and you get exposed to things at yet another level. In one of those steps, I was very fortunate to be introduced by Thomas LaFont, actually, to the head of Wachtell Lipton. The law firm. Law firm. And his name is Ed Hurley. And he said, this is the most important, well-known, well-run, powerful law firm in America. Then I looked at the transactions and they're just in the middle of everything. And now, you know, my lawyer, Raj Narayan, who does everything for me, one of the senior partners at Wachtell, I can attest, are incredible. And they said to me in the middle of all of this stuff when I was doing a bunch of deals, they said, Chamath, just get ready to pay a tax. And I said, what does that mean? They said, the way that the American capital markets are set up is both that you can be incredibly creative and do incredible things, but, and we talked about this a little bit last week, there's a bunch of tort that allows folks to hang around the hoop and get paid no matter what. You see this in all IPOs. Shareholder lawsuits abound. And they try to create a class out of it. And the reason they do that is that there's D&O insurance that then will pay out some number of millions of dollars, the attorneys take 40 or 50%, and then these plaintiffs get a few bucks. You saw how egregious this tort manipulation was when this guy with 10 shares sued Elon's comp package at Tesla and won. And what was that really? That was the trial lawyers trying to get paid hundreds of millions of dollars by exploiting a scene. It was a shake down. It was a shake down. Why am I bringing this up? If you take the Raj and Ed example of this, this SpaceX IPO is going to set up a couple of things. The first is there is just going to be the natural noise in the market. And Elon will have to sort through all of the little ticky tacky things. But the most important positive thing that will happen from the IPO is a validated external mark-to-market valuation of SpaceX. And the market every day in real time gives you a valid mark-to-market assessment of the value of Tesla. And this allows you to put these two things together to minimize these losses. And I think that that's what Elon really needs. It'll make his life tremendously simpler from a governance perspective. It'll make the companies and this quibbling about his time a non-issue because again, nobody talks about Zuck or Satya or Sundar or Jensen allocating time across various projects inside of Meta or Google or Microsoft or Nvidia. Nor should they really make this claim from Elon because as you're seeing, there's actually an enor

SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity (0:00) Bestie intros! (0:12) SpaceX IPO, the economic opportunity of space: a new industrial frontier (21:00) 2026 IPO explosion, OpenAI down round? (36:33) Iran War costs, fertilizer crisis, downstream impacts (49:58) Trump's Iran messaging problems, Bondi out, why the US is in Iran (1:04:18) Quantum Bitcoin hack possibilities, how crypto should react Retardmaxxing: https://www.youtube.com/@ElishaLong Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.bloomberg.com/news/articles/2026-04-01/spacex-is-said-to-file-confidentially-for-ipo-ahead-of-ai-rivals https://companiesmarketcap.com https://www.youtube.com/watch?v=Tf_UjBMIzNo https://courts.delaware.gov/supreme/oralarguments/download.aspx?id=5549 https://polymarket.com/event/ipos-before-2027 https://www.bloomberg.com/news/articles/2026-04-01/openai-demand-sinks-on-secondary-market-as-anthropic-runs-hot https://x.com/DrewPavlou/status/2038967293343096896 https://polymarket.com/event/us-x-iran-ceasefire-by https://polymarket.com/event/us-forces-enter-iran-by https://tradingeconomics.com/commodity/urea https://www.natesilver.net/p/trump-approval-ratings-nate-silver-bulletin https://polymarket.com/event/march-inflation-us-annual-higher-brackets https://www.instagram.com/reels/DWhj1SrjvTU https://www.youtube.com/@ElishaLong #allin #tech #news All right, everybody, welcome back to the number one podcast in the world, The All In Podcast. David Sacks couldn't make it this week, but we have the trio. David Friedberg is here, your Sultan of Science, Chamath Palihapitiya, SpaceX filed confidentially to go public on April 1st, targeting a $1.75 trillion, with a T, valuation. When SpaceX goes public, if it's at that $1.75 trillion valuation, so we're just a trillion-dollar valuation for an IPO, they would be the eighth largest company in the world, right behind TSMC and Saudi Aramco. They're both worth $1.7 trillion at the taping of this podcast. Tesla is number 10 with $1.37 trillion valuation. Hey, if you were to combine those two, as many people are speculating, will happen at some point, and you can buy the stock ticker ELON, that would be a $3.1 trillion company, and that would make them the fourth largest company ahead of Microsoft. They're aiming to raise Chamath $75 billion, which would be the, by far, the biggest raise ever in an IPO. Expected to go out in June. I think they were trying to hit the 4/20 date because that would have been even more hilarious, but they're not going to be able to do that. SpaceX recently acquired X.ai for $250 billion. That includes X and Twitter and the XAI large language model AI company. Starlink, generating between 50 and 80% of SpaceX's revenue. We'll have all those details shortly. And it'll be close to $20 billion a year, according to reports. Launch of rockets is the other 40% of the business, $5 billion in 2024, according to reports. Total revenue 2025, $15 to $16 billion with $8 billion in profit, according to Reuters. So let's stop there. And we're going to talk about all the other IPOs that could be coming. Chamath, I think people really want to know, and you may have mentioned this on an earlier episode, what are the chances that Tesla, after if this IPO goes well, that Tesla and SpaceX could wind up being the same company? We saw they're collaborating on a fab. 100% is what you're putting it on. Okay. Okay, sorry, let me, let me be clear. 99.999%. Okay. What will that mean when, if those two companies, or when those two companies merge, one of the great things that happened in my career was there was a point where, you know how like you grind at a level and then, you know, you just get exposed to things at a different level and then you grind for years and you get exposed to things at yet another level. In one of those steps, I was very fortunate to be introduced by Thomas LaFont, actually, to the head of Wachtell Lipton. The law firm. Law firm. And his name is Ed Hurley. And he said, this is the most important, well-known, well-run, powerful law firm in America. Then I looked at the transactions and they're just in the middle of everything. And now, you know, my lawyer, Raj Narayan, who does everything for me, one of the senior partners at Wachtell, I can attest, are incredible. And they said to me in the middle of all of this stuff when I was doing a bunch of deals, they said, Chamath, just get ready to pay a tax. And I said, what does that mean? They said, the way that the American capital markets are set up is both that you can be incredibly creative and do incredible things, but, and we talked about this a little bit last week, there's a bunch of tort that allows folks to hang around the hoop and get paid no matter what. You see this in all IPOs. Shareholder lawsuits abound. And they try to create a class out of it. And the reason they do that is that there's D&O insurance that then will pay out some number of millions of dollars, the attorneys take 40 or 50%, and then these plaintiffs get a few bucks. You saw how egregious this tort manipulation was when this guy with 10 shares sued Elon's comp package at Tesla and won. And what was that really? That was the trial lawyers trying to get paid hundreds of millions of dollars by exploiting a scene. It was a shake down. It was a shake down. Why am I bringing this up? If you take the Raj and Ed example of this, this SpaceX IPO is going to set up a couple of things. The first is there is just going to be the natural noise in the market. And Elon will have to sort through all of the little ticky tacky things. But the most important positive thing that will happen from the IPO is a validated external mark-to-market valuation of SpaceX. And the market every day in real time gives you a valid mark-to-market assessment of the value of Tesla. And this allows you to put these two things together to minimize these losses. And I think that that's what Elon really needs. It'll make his life tremendously simpler from a governance perspective. It'll make the companies and this quibbling about his time a non-issue because again, nobody talks about Zuck or Satya or Sundar or Jensen allocating time across various projects inside of Meta or Google or Microsoft or Nvidia. Nor should they really make this claim from Elon because as you're seeing, there's actually an enor

Private AI company associated with Grok and X; tracked as a standalone off-market company mark even when reported as combined with SpaceX.

SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity (0:00) Bestie intros! (0:12) SpaceX IPO, the economic opportunity of space: a new industrial frontier (21:00) 2026 IPO explosion, OpenAI down round? (36:33) Iran War costs, fertilizer crisis, downstream impacts (49:58) Trump's Iran messaging problems, Bondi out, why the US is in Iran (1:04:18) Quantum Bitcoin hack possibilities, how crypto should react Retardmaxxing: https://www.youtube.com/@ElishaLong Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.bloomberg.com/news/articles/2026-04-01/spacex-is-said-to-file-confidentially-for-ipo-ahead-of-ai-rivals https://companiesmarketcap.com https://www.youtube.com/watch?v=Tf_UjBMIzNo https://courts.delaware.gov/supreme/oralarguments/download.aspx?id=5549 https://polymarket.com/event/ipos-before-2027 https://www.bloomberg.com/news/articles/2026-04-01/openai-demand-sinks-on-secondary-market-as-anthropic-runs-hot https://x.com/DrewPavlou/status/2038967293343096896 https://polymarket.com/event/us-x-iran-ceasefire-by https://polymarket.com/event/us-forces-enter-iran-by https://tradingeconomics.com/commodity/urea https://www.natesilver.net/p/trump-approval-ratings-nate-silver-bulletin https://polymarket.com/event/march-inflation-us-annual-higher-brackets https://www.instagram.com/reels/DWhj1SrjvTU https://www.youtube.com/@ElishaLong #allin #tech #news All right, everybody, welcome back to the number one podcast in the world, The All In Podcast. David Sacks couldn't make it this week, but we have the trio. David Friedberg is here, your Sultan of Science, Chamath Palihapitiya, SpaceX filed confidentially to go public on April 1st, targeting a $1.75 trillion, with a T, valuation. When SpaceX goes public, if it's at that $1.75 trillion valuation, so we're just a trillion-dollar valuation for an IPO, they would be the eighth largest company in the world, right behind TSMC and Saudi Aramco. They're both worth $1.7 trillion at the taping of this podcast. Tesla is number 10 with $1.37 trillion valuation. Hey, if you were to combine those two, as many people are speculating, will happen at some point, and you can buy the stock ticker ELON, that would be a $3.1 trillion company, and that would make them the fourth largest company ahead of Microsoft. They're aiming to raise Chamath $75 billion, which would be the, by far, the biggest raise ever in an IPO. Expected to go out in June. I think they were trying to hit the 4/20 date because that would have been even more hilarious, but they're not going to be able to do that. SpaceX recently acquired X.ai for $250 billion. That includes X and Twitter and the XAI large language model AI company. Starlink, generating between 50 and 80% of SpaceX's revenue. We'll have all those details shortly. And it'll be close to $20 billion a year, according to reports. Launch of rockets is the other 40% of the business, $5 billion in 2024, according to reports. Total revenue 2025, $15 to $16 billion with $8 billion in profit, according to Reuters. So let's stop there. And we're going to talk about all the other IPOs that could be coming. Chamath, I think people really want to know, and you may have mentioned this on an earlier episode, what are the chances that Tesla, after if this IPO goes well, that Tesla and SpaceX could wind up being the same company? We saw they're collaborating on a fab. 100% is what you're putting it on. Okay. Okay, sorry, let me, let me be clear. 99.999%. Okay. What will that mean when, if those two companies, or when those two companies merge, one of the great things that happened in my career was there was a point where, you know how like you grind at a level and then, you know, you just get exposed to things at a different level and then you grind for years and you get exposed to things at yet another level. In one of those steps, I was very fortunate to be introduced by Thomas LaFont, actually, to the head of Wachtell Lipton. The law firm. Law firm. And his name is Ed Hurley. And he said, this is the most important, well-known, well-run, powerful law firm in America. Then I looked at the transactions and they're just in the middle of everything. And now, you know, my lawyer, Raj Narayan, who does everything for me, one of the senior partners at Wachtell, I can attest, are incredible. And they said to me in the middle of all of this stuff when I was doing a bunch of deals, they said, Chamath, just get ready to pay a tax. And I said, what does that mean? They said, the way that the American capital markets are set up is both that you can be incredibly creative and do incredible things, but, and we talked about this a little bit last week, there's a bunch of tort that allows folks to hang around the hoop and get paid no matter what. You see this in all IPOs. Shareholder lawsuits abound. And they try to create a class out of it. And the reason they do that is that there's D&O insurance that then will pay out some number of millions of dollars, the attorneys take 40 or 50%, and then these plaintiffs get a few bucks. You saw how egregious this tort manipulation was when this guy with 10 shares sued Elon's comp package at Tesla and won. And what was that really? That was the trial lawyers trying to get paid hundreds of millions of dollars by exploiting a scene. It was a shake down. It was a shake down. Why am I bringing this up? If you take the Raj and Ed example of this, this SpaceX IPO is going to set up a couple of things. The first is there is just going to be the natural noise in the market. And Elon will have to sort through all of the little ticky tacky things. But the most important positive thing that will happen from the IPO is a validated external mark-to-market valuation of SpaceX. And the market every day in real time gives you a valid mark-to-market assessment of the value of Tesla. And this allows you to put these two things together to minimize these losses. And I think that that's what Elon really needs. It'll make his life tremendously simpler from a governance perspective. It'll make the companies and this quibbling about his time a non-issue because again, nobody talks about Zuck or Satya or Sundar or Jensen allocating time across various projects inside of Meta or Google or Microsoft or Nvidia. Nor should they really make this claim from Elon because as you're seeing, there's actually an enor

Anthropic's Fable Backlash, Nationalizing AI, Inflation Heats Up & California’s Broken Elections

Transcript is a partial/garbled excerpt from an “All-In Best Ideas Pitch Competition” segment. The only clearly actionable security discussed is MGM Resorts (MGM). The speaker is bullish based on: (1) a strategic/financial buyer accumulating shares (implied to be a large holder), (2) extremely aggressive company buybacks (claiming ~half the float over ~6 years), and (3) “hidden assets” tied to Macau/China exposure (MGM China), with an implied large valuation gap (speaker suggests the stock could be worth materially more, even “a triple”). Other mentions (Caesars, SACE, energy-efficiency retrofits) are not coherent enough to produce a tradable thesis with confidence.

Low-signal transcript-style political discussion referencing bipartisanship, “money in DC,” claims about opposition groups aligned with China/CCP, and multiple mentions of data centers and trade unions/jobs (Pennsylvania context implied). No concrete policy proposal, bill, vote, or company named; therefore limited direct trade actionability.

Noisy, partial transcript. Core actionable ideas appear to be: (1) the US faces a “critical minerals” supply shortfall (implicitly tied to China/trade restrictions), (2) AI/compute growth is driving a resurgence in CPU/compute intensity and tightness in memory (HBM/NAND) pricing, and (3) rising power demand may favor reliable gas-fired generation vs intermittent renewables, while solar remains a separate growth vector. Specific companies are not named; tickers below are inferred, so confidence is moderate-to-low.

The source is a low-quality/garbled transcript with only a few discernible investable points: (1) a thesis that Google could "crush" AI competitors (implying platform/data/distribution advantage), (2) a general claim that smaller VC funds can outperform (not directly tradable), and (3) a macro/policy aside about weakening CDC/NIH and restricting H1B immigration, which could be a headwind to US biotech R&D and innovation labor supply. Overall, actionable signal is limited and mostly narrative-level.

"Analytical Software Is Dead" - Palo Alto Networks CEO Nikesh Arora very long time. of in a really interesting position to of SAS. come out with other models. You buy You buy the hype. >> I mean, you saw IBM announced a project know, OT code on the edge. You can find you talk to CIOS today, their biggest Fix it." while the CIS are busy finding companies like the SAS businesses that SAS? >> Well, you see SAS is Bill said SAS is an analytical SAS company, it's over. >> It's over. What is an analytical SAS every SAS company has a marketplace. You can buy Salesforce marketplace. What do >> I can just go run NLM against the data. instance with a SAS product with 20 my, you know, inventory data from SAP. I selling a lot? Where do I have less different SAS products tomorrow you can SAS is dead are marginally irrelevant will take away UI and let agents do the work. UI enterprise software and consumer software UI is the worst thing >> Yes. That was analytical SAS. So that's product managers design UI so all humans can interact with data behind the UI. to be able to do it. If that happens UI goes away. If UI goes away, I can rewire in a company all these SAS software that >> it's less about

The provided source contains only a title with no substantive claims or data. It suggests a discussion about secondary markets taking share from traditional IPOs, but there are no specifics (mechanisms, companies, numbers, timing) to extract tradable implications.

The IPO Comeback: Why Tech Giants Are Finally Going Public | All-In Liquidity IPO Panel (0:00) CEOs Andrew Feldman (Cerebras) and Will Marshall (Planet Labs) join the Besties! (2:05) Both CEOs on going public: Impact on employees, customers, and business operations (13:18) Timelines for datacenters in space (19:28) Cerebras business breakdown, AI's impact on the silicon market (24:45) How Founder/CEOs think about liquidity on the road to going public Thanks to our partners for making this possible! EY - Great tech starts with a big idea. From startup to scale, EY helps tech founders get financials right early so they can focus on what’s next. https://www.ey.com/en_us/tech-sector/tech-startups?WT.mc_id=3501317&AA.tsrc=sponsorship NYSE - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE. https://www.nyse.com Plaud - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight. https://www.plaud.ai Follow Brad Gerstner: https://x.com/altcap Follow Andrew Feldman: https://x.com/andrewdfeldman Follow Will Marshall: https://x.com/Will4