SpaceX's $2T Case, Nvidia's Shock Selloff, America Turns on AI, Trump Pulls AI Order, Bond Crisis?

The All-In Podcast dives into a seismic week in tech, starting with Andre Karpathy’s move to Anthropic—a pivotal hire that signals a new era of recursive self-improvement in AI. The conversation shifts to SpaceX’s explosive $1.75 trillion IPO filing, where Elon Musk’s 'Elon Web Services' (EWS) is set to earn $15 billion annually from Anthropic alone, turning SpaceX into a dual powerhouse of space infrastructure and AI compute. This isn't just about rockets—it's about building a space-based internet and data center network that could become a civilizational backup. Meanwhile, NVIDIA’s $81.6 billion revenue quarter confirms its dominance, but the real story is the cross-sectional market inefficiency: if AI infrastructure (power, cooling, optics) is undervalued, NVIDIA’s multiples can’t be sustainable—and vice versa. The panel warns of a growing AI PR crisis fueled by fear of job loss, corporate messaging failures, and geopolitical tensions, but argues that the solution lies not in slowing down, but in amplifying real-world human stories—like a father using AI to save his daughter’s life. The episode ends with a sobering macro picture: inflation, rising bond yields, and a potential credit crisis, yet the team remains bullish on America’s AI and energy advantages, seeing geopolitical chaos as a forcing function for American resilience.