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E125: SpaceX launch, Fox News settlement, "Zombie-corn" exodus to AI, late-stage implosion

(0:00) Antonio Gracias and Gavin Baker join to discuss SpaceX's Starship launch (28:58) Fox News settles with Dominion Voting Systems, will pay $787M (40:38) AI update: Reddit to start charging for training data, how the next startup bubble will materialize, navigating the AI "dust storm" (53:49) Why AI is challenging/exciting to invest in right now, late-stage implosion, pay-to-play rounds (1:21:26) Is crypto dead in America? Plus DeSantis vs Trump polling update and wrap Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg https://twitter.com/GavinSBaker Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://twitter.com/GavinSBaker/status/1649107858267439108 https://www.bbc.com/news/science-environment-65294084 https://twitter.com/thePrimalSpace/status/1649051677377560578 https://www.wsj.com/articles/spacex-starship-elon-musk-second-launch-attempt-bf932aaf https://twitter.com/elonmusk/status/1533408313894912001 https://www.reuters.com/technology/fcc-votes-approve-spacex-satellite-plan-official-2021-04-27 https://www.axios.com/2023/04/18/fox-news-settles-dominion-lawsuit https://investor.foxcorporation.com/static-files/3b2bdb74-8ebe-4173-9f0f-ac18831ff094 https://www.theatlantic.com/business/archive/2015/03/finland-home-of-the-103000-speeding-ticket/387484 https://twitter.com/KanekoaTheGreat/status/1648462770936115202 https://www.nytimes.com/2023/04/18/technology/reddit-ai-openai-google.html https://www.cnbc.com/2023/04/20/alphabet-merges-ai-focused-groups-deepmind-and-google-research.html https://twitter.com/chamath/status/1647010187377774596 https://en.wikipedia.org/wiki/Dal%C3%ADland- https://www.nytimes.com/2023/04/20/business/buzzfeed-news-shut-down.html https://www.vox.com/technology/2023/4/18/23688627/meta-layoffs-mark-zuckerberg-facebook-instagram-whatsapp https://news.crunchbase.com/venture/series-c-funding-decline-q1-2023 https://www.theinformation.com/articles/tiger-global-managements-12-7-billion-venture-fund-records-20-loss https://en.wikipedia.org/wiki/Greater_fool_theory https://www.wired.com/story/stack-overflow-will-charge-ai-giants-for-training-data https://www.coindesk.com/business/2023/04/18/coinbase-could-move-away-from-us-if-no-regulatory-clarity-ceo-brian-armstrong https://news.yahoo.com/poll-trumps-big-post-indictment-bounce-is-fading-fast-183753992.html https://www.washingtonpost.com/politics/2023/04/20/desantis-trump-new-hampshire-poll #allin #tech #news

Jason CalacanishostDavid FriedberghostGavin BakerguestAntonio GraciasguestChamath Palihapitiyahost
Apr 20, 20231h 39mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

SpaceX’s Starship milestone, media spin, AI gold rush, venture reset

  1. The episode opens with SpaceX board member Antonio Gracias and investor Gavin Baker describing the Starship test as a historic breakthrough for making humanity multi-planetary, emphasizing technical success beyond media narratives of “explosion” and failure.
  2. They outline how Starship’s step‑change in payload and launch costs could transform everything from Mars colonization to global logistics, Starlink deployment, and downstream entrepreneurial innovation in space.
  3. The conversation then pivots to Fox News’ $787M Dominion settlement, broader media dishonesty, and how legal and financial pressures may reshape news behavior—just as AI threatens to replace much of traditional media and knowledge work.
  4. The hosts close by unpacking an AI-driven venture capital reset: “zombiecorns” starved of growth capital, talent and money rushing to tiny AI-native startups, and investors grappling with how to invest amid extreme uncertainty, while crypto faces an aggressive US regulatory clampdown.

IDEAS WORTH REMEMBERING

5 ideas

Starship’s partial failure was actually a historic success for reusable rocketry.

Despite not reaching orbit, Starship cleared max-Q, flew for four minutes, and generated vital data—proving core structural and propulsion concepts for a vehicle intended to make Mars transport feasible.

Starship radically changes the unit economics of space and communications.

Moving from ~17 tons to ~100+ tons per launch while cutting variable launch cost from ~$15M to under ~$2M implies roughly a 50x improvement, enabling cheaper Starlink deployment and entirely new space-based businesses.

Ultra-cheap heavy lift will ripple through terrestrial logistics and travel.

High-frequency Starship fleets could replace many transoceanic cargo flights and dramatically shorten global travel times, turning New York–Tokyo into a matter of hours via suborbital hops.

Media incentives distort public understanding of complex technical milestones.

The hosts argue mainstream outlets framed the Starship test as a failure (“explodes”) because of hostility toward Elon Musk, ignoring standard test-flight risk and the significance of passing key thresholds like max-Q.

Legal and financial pressure may push media toward stronger correction standards.

Using the Fox–Dominion settlement and Alex Jones judgments as examples, they propose reforms where outlets must issue corrections with equal prominence to original errors or face substantial liability.

WORDS WORTH SAVING

5 quotes

Today is the day that all of the hardworking people at SpaceX accomplished a goal of making the human race space‑faring.

Antonio Gracias

When we look back in history, I believe this will be the day when we mark the technological development that we broke through and built a vehicle that could actually go to Mars.

Antonio Gracias

You are lifting more than five times the mass to orbit and you’re doing it at 10 to 15 percent of the cost… roughly a 50x change.

Gavin Baker

It’s the moment where I have the least sense of how to do my job… I don’t know whether I should be writing $200 million checks or $200,000 checks.

Chamath Palihapitiya

Crypto’s dead in America… the United States authorities have firmly pointed their guns at crypto.

Chamath Palihapitiya

SpaceX Starship test flight: technical significance, emotions in mission control, and long-term Mars ambitionsStarship economics: massive payload, ultra-low launch costs, and impact on Starlink and global logisticsMainstream media coverage vs. on-the-ground reality of the Starship launchFox News–Dominion settlement and broader questions about media accountability and defamation standardsAI disruption: rapid iteration, dataset monetization (Reddit, StackOverflow), and the “dust storm” of new capabilitiesVenture capital upheaval: late-stage “zombiecorns,” mark-downs, pay-to-play rounds, and early-stage AI boomUS regulatory hostility to crypto (Coinbase, SEC) and questions about innovation leaving America

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