SpaceX Completes Acquisition of xAI | The 2026 SaaS Massacre: Public Market Collapse | Microsoft's $360 Billion Market Cap Loss

Jason Lemkin is one of the leading SaaS investors of the last decade with a portfolio including the likes of Algolia, Talkdesk, Owner, RevenueCat, Saleloft and more.

Rory O’Driscoll is a General Partner @ Scale where he has led investments in category leaders such as Bill.com (BILL), Box (BOX), DocuSign (DOCU), and WalkMe (WKME), among others.

In Today's Episode We Discuss:

• SpaceX Completes Acquisition of xAI in $1.25 Trillion Merger

• The Rehabilitation of the IPO and the End of "State Private Forever"

• The 2026 SaaS Massacre: Public Market Collapse

• Next-Gen CRM War: Hubspot Down 50%+ vs Next Gen Heavily Funded

• Microsoft's $360 Billion Market Cap Loss and the Shift in AI Narrative

• Nvidia's Strategic Retreat: The Dispute Over the $100 Billion OpenAI Investment

• Waymo Raises $16 Billion at a $110 Billion Valuation

• The Launch of OpenClaw and Moltbook: 1.5 Million Agents Join a Social Network