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All-In with Chamath, Jason, Sacks & Friedberg

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

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Technology, Entrepreneurship, Business

4.010.4K 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

Follow the besties:

https://x.com/chamath

https://x.com/Jason

https://x.com/DavidSacks

https://x.com/friedberg

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https://x.com/theallinpod

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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

Transcript

Click on a timestamp to play from that location

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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