SpaceX's Record IPO, Anthropic's Banned AI, and Apple's Next Gen AI Siri | Ep. 15 Show Your Priors

The most valuable IPO in history just happened, a frontier AI model got switched off by the US government within days of launch, and Apple quietly handed its flagship feature to a direct competitor. On Episode 15 of Show Your Priors, Michael Nichols and Jason Thompson rip apart the week's biggest business, strategy, and finance stories to find the playbook underneath.SpaceX IPO'd at a staggering 1.75 trillion dollar valuation, finished the day up 19 percent past 2.25 trillion, and pushed Elon Musk over 1.1 trillion in personal wealth. But do the fundamentals justify the price, or is the market simply betting on the man? We break down business models, projected cash flow, and why Morningstar's math lands at less than half the headline number.Then we get into Anthropic. The company launched its most powerful public model, Fable 5, on a Tuesday, and the government ordered it shut off by Friday under an export control directive citing national security. Is this a regulatory nightmare or the best free advertising in tech? We cover the Streisand effect, the rule of law, and what erratic AI policy means for the global race with China.Finally, Apple's WWDC 2026. The headline wasn't a product, it was a partnership: a rebuilt Siri running on Google's Gemini in a deal reportedly worth a billion dollars a year. We unpack the classic make versus buy decision, Apple's brand and channel moat, data privacy, and whether this is an admission that the competition simply does AI better.Plus a packed Headlines and Firehose: North Korean operatives behind 47 percent of state-sponsored tech hacks, Rita McGrath's new HBR piece on strategic centering, the private credit liquidity squeeze at BlackRock and Blackstone, Amazon's 31.5 billion dollar debt raise for AI data centers, the Harley-Davidson versus Indian motorcycle culture-war feud, Jeff Bezos' Prometheus, Goldman Sachs on compute as a commodity, and more.Music by  Thunderwof. https://www.instagram.com/apache_thunderwof_18/https://open.spotify.com/artist/4092jgp59goD4nZIL2mQw5Chapters00:00 Intro00:39 Headlines: North Korea Hacks and CrowdStrike04:19 Headlines: Rita McGrath on Strategic Centering11:48 Headlines: BlackRock and the Private Credit Squeeze17:10 Headlines: Amazon's $31.5B Debt and AI CapEx23:18 Headlines: Harley vs Indian Motorcycle Feud28:47 Firehose50:31 SpaceX IPO1:04:05 Anthropic Fable 51:11:29 Apple WWDC 2026Connect with us:Subscribe to Show Your Priors for weekly conversations on business, strategy, and the ideas shaping the world.Clips Channel | https://youtube.com/@sypclips Spotify | https://open.spotify.com/show/7qz3G3XoOaSPpg2elfKmH3Instagram | https://www.instagram.com/showyourpriors/Threads | https://www.threads.com/@showyourpriorsTikTok | https://www.tiktok.com/@showyourpriorsX - Michael Nichols | https://x.com/m_g_nicholsX | https://x.com/showyourpriorsSubstack | https://showyourpriors.substack.com/Reddit | https://www.reddit.com/r/ShowYourPriorsPodcastLinkedIn - Michael Nichols | https://www.linkedin.com/in/michael-guy-nicholsLinkedIn - Jason Thompson | https://www.linkedin.com/in/jason-thompson-607b0b54Show Your Priors is a business strategy podcast. We look at the week's news stories and rip them apart to see what strategies lie underneath. New episode every Tuesday. Like, subscribe, and leave a comment.Keywords:SpaceX IPO, Elon Musk, Apple WWDC 2026, Anthropic, Siri Gemini, Google Gemini, AI news, business strategy, AI bubble, stock market, tech news, AI regulation, private credit, business podcast, SpaceX valuation, Fable 5, AI data centers, compute costs, AI export controls, BlackRock, Amazon debt, corporate strategy, venture capital, trillion dollar company, Nasdaq IPO, Harley Davidson, Rita McGrath, AI commoditization, Dario Amodei, finance podcast, strategy podcast, North Korea hackers, Goldman Sachs, Show Your Priors