Investors Turner Novak, Ben Ling, and Jason Calacanis break down the week's biggest stories: SpaceX's $60B acquisition of Cursor, OpenAI's eye-popping financials (and whether you'd buy the stock), and the global sovereign AI backlash following the Anthropic/Fable fallout. On the venture side: are Seed-stage startups dying off, is liquidity finally returning, and is the LP market heating back up? Plus portfolio check-ins and a debate on Snap's new $2,195 AR glasses.