Episode Details

Morgan Brennan is a CNBC anchor and host of Overtime, covering markets, defense, space, and industrial technology. In this conversation, we break down the SpaceX IPO, the rise of defense tech and America's re-industrialization movement, how the White House is allocating capital like a private equity firm, and why spectrum has become the hottest commodity in the AI arms race.

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• 0:00 - Intro
• 0:51 - SpaceX IPO breakdown & what investors need to know
• 7:31 - Government & private enterprise: navigating regulation
• 10:03 - SpaceX wealth creation & the constellation of startups it spawned
• 14:04 - Peter Thiel's outsized impact on national defense
• 16:48 - Re-industrialization & tariffs
• 22:09 - How America's re-industrial movement is taking root
• 27:01 - White House asset management & allocating capital
• 35:18 - JPMorgan, private capital & the pro-America shift
• 38:41 - Iran, markets & the economic outlook
• 44:08 - Defense tech: who can build it AND sell it
• 51:38 - Spectrum: the hottest commodity in the AI arms race
• 53:34 - Starlink, launch costs & the satellite boom
• 56:19 - Can public markets absorb the IPO wave?