Daniel and JB kick off what they call their most capital-intensive episode yet on ADSN. The conversation opens with SpaceX's blockbuster IPO — stock surging past $200 a share, the company now worth more than Microsoft, and the staggering stat that Elon Musk's net worth jumped by "a full Warren Buffett" in a single day. From there they unpack the $60 billion Cursor acquisition, Fox's $20 billion Roku deal, Substack's official ads launch, and Mercury's new agentic banking platform.

The episode covers a wide sweep of what's moving in tech and media right now: why frontier AI labs are about to go on an acquisition spree, how Fox is running Meta's family-of-apps playbook for television, why Sam Altman says "always make an API" saved OpenAI, and the emerging argument that tech companies will start looking more like hedge funds — tiny teams, massive AI leverage, and profit per employee through the roof. If you want to understand where the money is flowing and why, this is the episode.

Thank you to our sponsors:

AdQuick – Making OOH advertising as easy to plan, buy, and measure as digital. ⁠⁠adquick.com⁠⁠

⁠⁠Thrad.ai⁠⁠ — Building the advertising infrastructure for AI. ⁠⁠thrad.ai⁠

beehiiv — The all-in-one platform for newsletters, websites, and every tool you need to grow and earn. ⁠⁠⁠beehiiv.com⁠⁠

The Farm — Fraction commercial legal with an in-house approach to outside counsel. ⁠thefarmllp.com ⁠

STAY CONNECTED

James on Twitter & LinkedIn – /jamesborow

Daniel on LinkedIn, Instagram, TikTok – /danieldruger

Subscribe & leave a ⭐⭐⭐⭐⭐ review on Spotify & Apple Podcasts.