Founder Notes Ep. 29 - Trillions is the new billion

Cerebras IPOs at $68 billion with 320 employees, SpaceX is reportedly eyeing a $1.5T tape, and Anthropic is racing to beat OpenAI to the public markets. Meanwhile a gallon of gas hit $7.50 near a California airport, the CPI print came in hot, and the stock market still closed at record highs. Nelson and Prath unpack the disconnect — and what it means when "trillion" stops meaning what it used to mean. Plus Apollo's daily marks announcement, Powell's last day, and why the next moat in private credit isn't technology — it's distribution.