Apple was the first. That was 2018. Now there are 14 members — and SpaceX is knocking on the door at nearly $2 trillion.

In this episode of Zero Sum, I sit down with Wajeeh Khan, stock market analyst at Invezz, to break down what it actually takes to crack the Trillion Dollar Club, why AI is rewriting the rules of market valuation, and what happens when a dozen mega-cap giants are all fighting for the same chips, the same power, and the same investor dollars.

CHAPTERS:
00:00 - Welcome: Podcasting Is Harder Than It Looks
01:00 - The Trillion Dollar Club: From 1 to 14 Members
02:00 - Greetings From Baku (And How Many Zeros in a Trillion?)
03:30 - What Changed? AI Reshuffled the Leaderboard
05:30 - OGs, Reinvented & AI-Natives: The Three Buckets
08:15 - Nvidia: From Gaming Cards to Trillions
12:45 - The $700 Billion Build-Out: What Are Hyperscalers Buying?
15:30 - Why Chip Shortages Make Stocks Go Up
17:40 - CapEx Tripled: When Is It Too Much?
20:20 - SpaceX at $1.75 Trillion: The Bull Case (And What They Hope You Miss)
26:45 - Anthropic's Trillion-Dollar IPO: Is Enterprise Enough?
29:45 - Can Wall Street Absorb $3 Trillion in New Supply?
32:10 - Bullish, Bearish & Wildcard

Featuring Wajeeh Khan - follow him on LinkedIn here: https://www.linkedin.com/in/wajeehkhan93/

The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

#SpaceX #MarketNews #Investing

Everyone's calling this an AI bubble — but is it actually one, or are we all just panicking because Michael Burry made a bet? This week, I sit down with Dr Richard Peterson, the behavioural economist behind MarketPsych (once dubbed "Wall Street's top psychiatrist" by the AP), to actually measure the psychology behind the AI trade instead of just vibing about it.

We get into why sentiment data has been sliding since October, why this bubble is more "sober" than dot-com (spoiler: these companies actually make money), what really happened when Burry's Nvidia and Palantir puts went public, and why companies outside AI are getting punished for not having an AI story to tell.

Then we go somewhere most bubbles take a skip entirely: the layoffs. AI was cited in roughly 40% of all US job cuts in May 2026 — the highest share on record — and Gartner's own research found no link between those cuts and any actual return on investment. So is this discipline, or just a story markets want to hear?

• 00:00 Why Markets Crash
• 00:43 AI Hype And Bubble Risk
• 01:43 Nvidia Shock And Guest Intro
• 02:58 How Sentiment Data Works
• 04:56 AI Sentiment Cycles Since ChatGPT
• 06:10 Dotcom Parallels And Competition
• 09:42 Speculation Signs And IPO Liquidity
• 11:58 Influencers And Herd Psychology
• 15:09 Winners Losers In AI Supply Chain
• 17:22 Jobs Narrative And Real Data
• 19:54 Are We In A Bubble
• 22:03 Bullish Bearish Wildcards
• 23:13 Wrap Up And Post Chat

Britain just lost another Prime Minister. Keir Starmer resigned on 22 June 2026 — less than two years after winning one of Labour's biggest ever election landslides — making him the sixth Prime Minister to leave Downing Street in under a decade. Andy Burnham, the former Mayor of Greater Manchester, is almost certain to be next.

In this episode, Invezz Lead News Editor Harsh Vardhan sits down with David Morrison, Senior Market Analyst at Trade Nation, to ask the harder question: is Britain actually broken? Not as a vibe — as a structural economic problem.

The pound is down. The FTSE chronically underperforms. HS2 started at £32 billion in 2011 and is now heading toward £103 billion, won't open until 2039, and was originally supposed to launch this year. Meanwhile, the US and China are pouring hundreds of billions into AI, and Britain is watching from the sidelines.

• 00:00 - Intro
• 01:05 - Welcome: Starmer Resigns
• 03:10 - Is Britain Actually Broken?
• 06:45 - Starmer's Torrid Time
• 08:55 - What Does Foreign Money Think?
• 10:40 - Larry the Cat: Britain's Most Stable Politician
• 11:45 - Why Didn't the Markets Flinch?
• 13:50 - Why Are Americans Obsessed With British Politics?
• 16:25 - Is the UK Falling Behind on Tech?
• 19:10 - What Will Andy Burnham Actually Do?
• 20:30 - Bullish, Bearish & Wildcard

The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

On Saturday the 20th of June, 2026, Iran announced closure yet again for the Strait of Hormuz...

The US and Iran have confirmed a deal to reopen the Strait of Hormuz, ending a 3.5-month blockade that choked off roughly a fifth of global oil flows. Markets reacted fast.

Asian stocks surged as much as 5.7%, and Brent crude fell more than 4% in early Monday trading. The winners and losers are already taking shape. Airlines, hammered all year by sky-high jet fuel costs, are the most obvious beneficiaries. Tankers, the hot trade of Q1, face a sharp reversal. But this isn't a light switch, mines still need clearing, and infrastructure damage across the Gulf means the reopening will be gradual. So what does it actually mean for your money, and where should you be putting it?

Wajeeh Khan, Invezz stock market analyst, joins Lead News Editor Harsh to break it down.

Chapters:

00:00 Oil Shock Teaser

00:35 Iran US MOU Bombshell

02:35 Hormuz Reopening Explained

05:41 Why The Deal Happened

08:11 Nuclear Nuance And Risks

12:09 Where Oil Prices Settle

17:31 Markets Winners And Losers

19:19 Fed Inflation And Playbook

23:36 ROMO And SpaceX Detour

26:28 Bullish, Bearish and Wild Card

28:02 Wrapping up

#StraitOfHormuz #Investing #StockMarket #OilPrices #BrentCrude #MOU #Geopolitics #OilMarkets #Iran #MiddleEast #Invezz #ZeroSum

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The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

SpaceX is going public, and the numbers are staggering. A $1.75 trillion valuation and a $75 billion raise make this one of the most anticipated, and most controversial, IPOs in Wall Street history. But is it actually worth it?In this episode of Invezz Zero Sum, host Harsh Vardhan sits down with David Morrison, Senior Market Analyst at Trade Nation, to break down what SpaceX's IPO really means for investors. They dig into how the company is being valued, what risks the market might be ignoring, and whether retail investors should be excited... or very, very cautious.If you have ever wondered how a rocket company gets valued higher than most of the world's economies, this is the episode for you.Biggest IPO in history: Let's work out if it's worth buying.00:00 SpaceX Launch01:00 Welcome to Zero Sum02:30 Marmite Musk: Love Him or Hate Him04:00 $75 Billion for a Company That Lost $5 Billion05:45 The 42% Voting Power Problem08:30 Will This Money Fund a Trip to Mars?11:30 The Starlink Bet14:15 The Kill Switch Problem15:30 xAI: An "Indeterminate" Moat18:30 Morningstar's Bearish Case22:00 Markets vs National Security23:15 Bullish, Bearish & Wildcard25:30 Living Forever: The AI Healthcare Wildcard27:45 Sign OffTune in to more of David Morrison's insights at TradeNation:

https://tradenation.com/knowledgebase/authors/david-morrison/The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

Elon Musk filed the paperwork on April 1. No, really.

In this episode of Zero Sum, I'm joined by Wajeeh Khan — stock market analyst at Invezz — to break down what the SpaceX IPO actually means for markets, for retail investors, and for the question nobody on Wall Street wants to answer out loud: is a $1.75 trillion valuation real, or is it the most expensive story ever sold on a Nasdaq listing?

We get into why Starlink is carrying the entire financial case for a company that lost nearly five billion dollars last year, what the xAI merger actually did to the balance sheet, and whether allocating 30% of the IPO to retail investors is democratisation — or just very elegant distribution.

Rockets. Satellites. AI losses. Bitcoin on the balance sheet. Data centres in orbit. It's all in here.

Biggest IPO in history. Let's work out if it's worth buying.

00:00 Trailer

01:12 Intro

01:47 SpaceX IPO Shock

03:27 Wajeeh welcome

04:55 Why Go Public Now?

08:13 xAI Merger Explained

10:56 Financials Get Weird

12:45 Starlink Carries It

14:09 Valuation Moonshot

16:32 Governance Retail Risk

18:01 Advice For Retail

20:46 Closing Takeaways

21:48 Bullish, Bearish & Wildcard

24:21 Final Sign Off

#SpaceX #SpaceXIPO #Starlink #ElonMusk #IPO #StockMarket #Investing #xAI

Trump landed in Beijing. Xi was waiting. And somewhere on Air Force One, Jensen Huang was probably thinking about chip export controls.

In this episode of Zero Sum, I am joined by Clem Chambers — investor, author, and CEO of aNewFN— to break down what the Trump-Xi summit actually means for markets, for the AI war, and for the Taiwan question that nobody in the room wanted to answer out loud. We get into why artificial intelligence has become the single most contested battleground in US-China relations, whether the billionaire delegation was genuine diplomacy or very expensive theatre, and what Clem is bullish on, bearish on, and watching closely as the dust settles.

Big trip. Bigger stakes. Let's work out who's actually winning.

Chapters

00:00 Intro

00:55 Welcome to Zero Sum

01:30 BYOB: Trump's Billionaire Road Trip

02:55 The Jensen Huang Snub (And Why It Doesn't Matter)

03:45 Nixon to Beijing, Trump to Beijing: The Return Match

06:30 Ships, Steel & Rare Earth: America's Dependency Problem

07:45 Globalism vs America First

09:30 The Robot Race America Already Lost

12:30 Gold Is the Currency of War

13:30 Taiwan 2027: How Close We Came to WWIII

17:30 You Can't Win AI Without Taiwan's Chips

19:00 What If the Summit Goes Sideways?

21:15 -Bullish, Bearish & Wildcard

Watch more of Clem's content here: https://www.youtube.com/@ClemChambersAlpha

The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

Elon Musk gave $38 million to a nonprofit. That nonprofit is now worth $852 billion. And Elon wants $134 billion of it back. Welcome to the most expensive donor's remorse in Silicon Valley history. This week on Zero Sum, we dig into the trial that could blow up the biggest IPO Wall Street has ever seen — a company losing $14 billion a year, a CEO with zero equity, and a courtroom bombshell where Musk admitted his own AI trained on OpenAI's models.

Chapters:

00:46 OpenAI Origins And Lawsuit

01:18 Meet The Analyst

02:05 Musk Motives And Demands

04:54 Who Markets Root For

07:52 Grok Bombshell Optics

11:24 Why This Ends In Settlement

13:46 Trillion Dollar IPO Math

16:31 Circular Financing Explained

20:18 Stock Exposure And What To Do

22:57 Winners Losers Wildcard

24:31 Wrap Up And Sign Offhis is a video about Musk vs Altman: the lawsuit that could break AI

The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.