SpaceX, Palantir, Anduril & Onodrim | The Return of Conglomerates

ℹ️ EPISODE INFO

Released

November 13, 2026

Duration

1h 0m

Channel

Sourcery with Molly O'Shea

Watch on YouTube

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📝 EPISODE DESCRIPTION

SpaceX is now a $2 trillion company, but Christian Garrett believes its business is just getting started. Christian is a Partner at 137 Ventures, an early investor in SpaceX for 16 years, and Co-Founder of Onodrim Industries, the European defense and industrial platform that just raised a $300 million Series A at a $1.3 billion valuation. In this episode of Sourcery, we discuss SpaceX's evolution from launch provider into an AI hyperscaler, the economics of Starship and orbital data centers, and why Christian believes the next generation of technology giants will resemble vertically integrated conglomerates. We also break down 137 Ventures' investments across SpaceX, Anduril, Ramp, Cognition, Hex, Hadrian, Applied Intuition, and General Matter, including how the firm evaluates growth, valuations, and long-term compounding. Christian then shares the story behind co-founding Onodrim, which is acquiring and scaling Europe's aerospace, defense, and industrial manufacturers through permanent capital, technology, and operational expertise. Christian Garrett: https://x.com/CGarrett_15 Molly O’Shea: https://x.com/MollySOShea Sourcery: ⁠https://x.com/sourceryy 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 Apple Podcasts: https://podcasts.apple.com/us/podcast/spacex-palantir-anduril-onodrim-the-return/id1738124704?i=1000801714478 Spotify: https://open.spotify.com/episode/7GKY81NqeZLu7jiDHfhuA9?si=BwiAaZzrRRKTfCyvtvgPuQ 𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒

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• Public–Investing platform Public just launched Generated Assets, which lets you turn any idea into an investable index with AI. With Generated Assets, you can build, backtest, refine, and invest in any thesis with AI. Gone are the days of one-size-fits-all ETFs. https://public.com/sourcery Follow Sourcery for the latest updates! https://www.sourcery.vc Disclosure: Paid Ad. Agents are an experimental AI tool. Its output may be inaccurate and is not investment advice. Public Holding’s, Inc. makes no guarantees about its accuracy or reliability—verify independently before use. Brokerage accounts and services provided by Open to the Public Investing, Inc. See additional disclosures at https://public.com/disclosures/agenticdisclosures. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Christian Garrett, Partner at 137 Ventures (00:50) How SpaceX hit $2 trillion (04:51) Is SpaceX now an AI company? (07:52) When will compute move to space? (12:40) The debt behind the AI build-out (16:14) Why 137 backed Cognition and Hex (19:29) SpaceX Compounded 40% for 20 years (22:50) Is everyone overpaying for winners? (26:08) The fintech graveyard (27:25) Anduril and the return of the conglomerate (33:24) Why Christian co-founded Onodrim (36:51) 4,000 drone companies in Europe (38:59) Hiring from Palantir to Rheinmetall (42:44) From Investor to Co-Founder (46:49) The annoying things VCs do (53:39) Why tech isn't zero-sum (55:42) The political weaponization of tech

🎤 SPEAKERS

• Molly O'Shea

  host

  Host of Sourcery with Molly O'Shea and interviewer covering venture/technology and defense-tech themes.

• Christian Garrett

  guest

  Investor (One Three Seven) and co-founder of Onodrim, discussing SpaceX/Palantir/Anduril and the return of conglomerates.

🧾 EPISODE SUMMARY

In this episode of Sourcery with Molly O'Shea, featuring Molly O'Shea and Christian Garrett, SpaceX, Palantir, Anduril & Onodrim | The Return of Conglomerates explores SpaceX’s hyperscaler shift and the case for dual-use conglomerates Christian Garrett says SpaceX has seen major recent acceleration (including top-line growth and profitability) and is evolving into a vertically integrated hyperscaler-like business spanning connectivity, launch, and AI/compute monetization.

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