Jensen's Affair and AST's Own Rocket: $NVDA, $ASTS, $FLY (E158)

Recorded Monday, Nov 9, the day after Jensen Huang admitted an affair and the day AST SpaceMobile reports earnings. Badger and Monkey skip the morality and argue about what a shareholder should take from it: Monkey worries about the China export angle, while Luke calls the spy claim an allegation and says the lesson is that there's always something you don't know about a stock. Then AST said it will build its own rocket on Firefly engines, and Monkey, whose largest holding is $ASTS, reads it as the missing piece while Luke, an "optimistic realist", points out that rockets are not AST's core skill. Luke shows the first pass of his three-year King of the Jungle review (25.8% a year against 16.8% for the S&P 500, by his count) and Monkey reports back from a UT symposium where Google's Blaise Agüera y Arcas argued that AI can be the real thing, which Monkey disputes. Both hosts own $ASTS; Monkey does not own $NVDA.

🎭 $NVDA: Jensen Huang's affair, and Luke's case that key-man risk is a reason to diversify

🚀 $ASTS: Blacklift, AST's own 20-ton rocket on Firefly engines, up to five BlueBirds a launch from late 2028

🇯🇵 Japan: its government picked the Rakuten and AST joint proposal for the J-LEO satellite project, up to ¥148 billion (about $1 billion) over three years per their Nov 9 release; the IMF has Japan fourth at $4.34 trillion

🛰️ $FLY: Monkey's first look at Firefly, a Texas rocket maker that reports Q3 on Nov 10

📊 King of the Jungle: six positions made most of Luke's money, and one of his investing process improvements is to tie every trim to a business number

🧠 AI and consciousness: Monkey on Agüera y Arcas's What Is Intelligence?, David Chalmers' zombie, and why he says please to Claude

SEGMENTS

00:00 Cold open 00:35 Welcome and Luke's app launch 04:21 Jensen Huang's affair and $NVDA 22:04 $ASTS builds its own rocket 29:41 Japan's GDP and Rakuten 32:22 Monkey's $ASTS position 40:54 Firefly $FLY first look 43:50 Luke's three-year review 55:08 UT symposium: Blaise Agüera y Arcas 01:03:28 AI consciousness and Chalmers' zombie 01:07:14 Portseido promo and Fiscal.ai

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