SpaceX IPO, Iran War Fallout, Quantum Bitcoin Hack, The Space Opportunity
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K Ratings
🗓️ 3 April 2026
⏱️ 81 minutes
🧾️ Download transcript
Summary
(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
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Referenced in the show:
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://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
Transcript
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| 0:00.0 | All right, everybody, welcome back to the number one podcast in the world. It's the All-In |
| 0:03.7 | podcast. David Sachs couldn't make it this week, but we have the trio. David Freiburg |
| 0:09.8 | is here. Your Sultan of Science, Jamalapaglia, SpaceX filed confidentially to go public |
| 0:16.2 | on April 1st, targeting a $1.75 trillion with the T valuation. When SpaceX goes public, |
| 0:26.2 | if it's at that $1.75 trillion dollar valuation, so weird to say trillion dollar valuation for an IPO. |
| 0:32.5 | They would be the eighth largest company in the world right behind TSMC and Saudi Aramco. They're both worth 1.7x |
| 0:40.1 | at the taping of this podcast. Tesla is number 10 with $1.37 trillion valuation. Hey, if you were to |
| 0:47.8 | combine those two, as many people are speculating will happen at some point and you can buy |
| 0:51.8 | the stock ticker E-L-O-N, that would be a $3.1 trillion company and that would make them the fourth largest company ahead of Microsoft. |
| 1:01.1 | They're aiming to raise to a month $75 billion, which would be by far the biggest raise ever in an IPO. |
| 1:07.6 | Expected to go out in June. |
| 1:09.6 | I think they were trying to hit the $420 date because that would have been even more hilarious, but they're not going to be able to do that. |
| 1:16.2 | SpaceX recently acquired X.A.I for $250 billion. |
| 1:20.6 | That includes X and Twitter and the XAI, large language model AI company Starlink, generating between 50 and 80% of SpaceX's |
| 1:29.7 | revenue will have all those details shortly, and it'll be close to $20 billion a year, |
| 1:35.8 | according to reports. Launch of Rockets is the other 40% of the business, $5 billion in 2024, |
| 1:41.5 | according to reports. Total revenue, 2025, $15 to $16 billion with $8 billion in 2024, according to reports. Total revenue, 2025, 15 to 16 billion with 8 billion in profit, according to Reuters. |
| 1:49.5 | So let's stop there. |
| 1:50.6 | And we're going to talk about all the other IPOs that could be coming. |
| 1:54.4 | Tremont, I think people really want to know, and you may have mentioned this on an earlier episode, |
| 1:59.3 | what are the chances that Tesla, if this IPO goes well, that Tesla and SpaceX could wind up being the same |
| 2:05.4 | company we saw, they're collaborating. |
... |
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