The Best One Yet - 🫵 “Re-Poked” — Facebook’s movie sequel. Crocs’ jibbitz bars. SpaceX’s debt doozy

Episode Date: October 8, 2026

SpaceX is lining up $40B in debt to buy Nvidia chips… This 1 deal explains our entire economy.Crocs stock is up thanks to Jibbitz bars, shoe tattoos, and “Shoellery”... (that’s shoe jewelry)The Social Reckoning premiers tonight… but Mark Zuckerberg’s not the villain, he’s the Anti-Hero.Plus, we just signed an historic deal with Nasdaq… And rang the stock market opening bell.$CROX $META $SPCXGrab your Tickets to the IPO Tour: Our In-Person OfferingBoston 10/14: https://tickets.citywinery.com/event/tboy-the-ipo-tour-in-person-offering-8cdhupSeattle 11/4 (21+): https://www.axs.com/events/1446394/the-best-one-yet-ticketsNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today’s top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

This is Nick. This is Jack. It's Thursday, the new Friday, October 8. And today's part is the best one yet. This is a T-Boy. The top three pop business news stories you need to know today. Oh, Bessies, have you seen the news? Thank you for celebrating with us.

If you haven't, we're about to tell the news in the intro. We got three fantastic stories and one epic update. Jack, what do we got on today's T-boy? For our first story, SpaceX raised enough money to buy the entire NBA. NBA. But instead, they're just buying chips. Besties, this one transaction is really 100 transactions, and it explains the whole economy. For our second story, Crocs just launched shoe tattoos, shoe earrings, and other shoelery.

Love it, because the way to make money these days isn't making more. It's making less. And our third and final story is the Social Reckoning. The second Sorkin movie about Facebook premieres tonight. So Jack and I did the homework to prepare you for the film. This is the Facebook files, the OG Zuckin. But besties, before we hit that wonderful mix of stories. What a mix of...

Oh, wait, do you hear that? That sound yet is is Nick and me ringing in the bell at the NASDAQ stock exchange. Yep, we, T-Boy opened the stock market yesterday. It was an honor. We did a bell-ringing ceremony yesterday at NASDAQ, and we did it with 50 Yeties and besties in the middle of Times Square. I mean, Jack, it felt like a Super Bowl halftime show and a New Year's Eve party. It felt like a Disney World ride to me.

Combined. Because yesterday we announced the new news. The best one yet launched a partnership with, NASDAQ. NASDAQ is now the official exchange and New York City studio of the best one yet. And together, we're launching two fantastic new franchises. This is good. First, the IPO show. We're interviewing CEOs at NASDAQ from the floor of the exchange. We're giving you behind the seams glimpses of the epic day when a company goes public. Interviewing CEOs IPOing, those who've already IPOed and the ones who dreamed to IPO someday. The second franchise we're launching together

with NASDAQ is the T-Boy 10. Oh, this is good. T-Boy 10, a weekly power ranking of the most culturally relevant companies. It's supported by NASDAQ trading data. We will rank the brands, moving markets, and moving culture. It's ESPN top 10 plays, but for markets. It's Billboard's top 100 tracks, but for stocks. And Yetis, you'll see it every week on this pot on YouTube and on social. Now, the NASDAQ has never done a partnership with the creator-led media business like

this. And we're so incredibly proud to be their launch partner. We're talking the capital of capitalism, NASDAQ, and the coolest show in capitalism, T-Boy. Us, besties are vibes and stocks are in all-time highs right now. Coincidence? By the way, Nick's dad was there, which I found to be amazing. That was really special. In classic dad fashion, he showed up like an hour early.

With a change of outfit in case I got to stand on something. And thank you so much to the New York City-based fans of this show, who came, supported us, celebrated with us. It was friggin' awesome. The hugging was off the charts, Jack. Nick, yesterday was a tremendous day. I'm feeling so good about this. I feel like this was a decade in making jack.

More to come on the NASS. In the coming days, definitely follow us on Instagram because the footage of yesterday's bell ringing was incredible. But in the meantime, celebrate the wins and let's add three stories. Fifteen years before this song, two boys from the Northeast met in the dorm. They had an idea to cause a cultural storm. It's the best one yet, but the best is an norm. Jack Nick, that's it.

I don't even think they need to practice. 50%. That's a fat tip. Tea Boy City on your at list. If you know, you know, because we're ready to go. Wait no more, so just start the show. Start the show. First, a quick word from our sponsor.

For our first story, the transaction of the year isn't the SpaceX IPO. It's SpaceX's chips splurge. This $140 billion deal has ripple effects that explain our entire economy. Just dip the chip and end it. Yeti's a quick reminder of SpaceX's fundraisers this year. All right. because they have been historic. Let's whip out the whiteboard, Jack.

In June, SpaceX raised a record $86 billion in their record-setting IPO. Then they effectively raised $60 billion more to acquire an AI company. And then after selling stock to raise that money, they sold billions of bonds just a couple weeks later. But $171 billion of fundraising still wasn't enough for SpaceX. Jack, can you spot me some cash? Because now SpaceX is borrowing $40 billion of more money. According to the Financial Times.

Yeah, with $211 billion of, total money raised by SpaceX in just four months. Talk to me, Jack. SpaceX could easily buy all 30 NBA franchises. Holy Jalen Brunson. That's how much money is sloshing around in this AI economy. Jack, I feel like LeBron would hit the Cheching button right now. But this final fundraise, the one happening right now,

according to the Financial Times, is the most interesting of all. Because it's to pay for just one transaction, $40 billion of Nvidia chips. But Besties, this one transaction is really 100 transactions, and they explain the entire economy. To sprinkle on some context, yetties. Why not? This $40 billion chip purchase, it shows that America's biggest craving isn't reality TV or... It's not chocolate. Or chocolate. It's compute. Yeah, it's because these chips will go into SpaceX's data centers. You see, Basti's, Google's AI summaries, they require a server 10 times bigger than the server needed for your search queries. This huge chip purchase, it also explains why Wall Street profits are up full. 51% so far this year compared to last year. You see, the private equity firm Apollo is selling these

SpaceX loans, while the asset management company PIMCO is buying these SpaceX loans. And Apollo will take a 1% fee on this $40 billion of debt, while Pimco will take 8% interest on this $40 billion of debt. And apparently SpaceX's deal memo describing the whole thing was just two pages of pictures of outer space and a bunch of arrows pointing up. It's the same pitch my toddler makes when he asks for animal crackers. Wall Street will give Elon whatever money he wants. Yeah, all he has to do is like DM a banker, Goldman, or one sec, Jack, I'm getting a Venmo. But yet it is in this story, SpaceX is becoming a landlord because it plans to rent out their

computing capabilities to AI rivals like Anthropic and Google for a billion dollars a month. Yeah, Elon's now a landlord. SpaceX collects rent from its AI rivals and then uses that money to pay interest on all these loans. But SpaceX's $40 billion cost is also in video. has $40 billion of revenues. And Jack, with Nvidia's 67% profit margins, how much profit is that for our buddies over at Invidia?

In this one deal, Nvidia will make $27 billion of profits. Sit down, stand up, and why don't you tell me something even wild. Again, it's insane how large and profitable these AI deals are. This one sale of chips from Nvidia to SpaceX will generate more profit for Nvidia than its entire first 20 years of existence. Nvidia, making more profit in one deal than 20 years worth of deals.

That's why Nvidia is approaching a $6 trillion valuation, which would make it the first company to ever hit that milestone. And also make it worth twice as much as Amazon and a whole bunch of lifts. Now, some of these chips will go into terrestrial data centers here on Earth. Some of them, SpaceX will save for orbital data centers. But add it all up, that is how this deal, bigger than the NBA, explains the whole stock market. Invidia, SpaceX, and big banks, they're all profiting hugely off this one transaction. Aha, but our takeaway shows how this deal explains the entire economy.

And why Jaylon Brunson crushed on S&L last weekend. So, Jack, what's the takeaway for our buddies over at SpaceX? This $40 billion chip purchase makes big profits, big trade deficits, and big inflation too. Yet he's $27 billion of this $40 billion purchase and actually goes straight to NVIDIA shareholders. But the other $13 billion goes into our economy. There's a vast supply chain for data centers, including construction jobs, hammering. and nails. Yeah, but most of the supply chain, interestingly, it's actually abroad. Invidia designs their GPUs, but they're made in Taiwan by TSMC and then imported to the U.S.

And the memory in those chips is made by S.K. Heinex over in South Korea, which is also imported then to the U.S. And the raw materials for these chips, they're mostly mined and refined in China and then imported to the United States. So you see, A, is the $13 billion of direct spending, almost all of it goes abroad, but that grows our trade deficit. So this transaction, why imports just hit a record high in August. Data centers are assembled here, but the parts are made overseas. And lastly, this huge chip deal explains interest rates and inflation.

Yeah, Bessie's, if you're buying a house, you are competing with Elon's debt deal. Because SpaceX's $40 billion of loans, that competes with your mortgage applications for the money that banks have to lend. It's actually called the crowding out effect, and it helps explain why interest rates are now at 24-year highs. This $40 billion chip purchase by SpaceX,

to Nvidia shows why stocks are at all-time highs, why imports are too, and why mortgages just hit 7.3%. For our second story, Crox stock is up 36% this year, and it's expressing those gains with gibbet's bars. This story is about shoelery. Shoe droulery. And the business of manufacturing scarcity. But Jack, if we're going to tell this story, let's move out the whiteboard and talk about the greatest ROIs of all time, the greatest returns on investment. Who we got? I mean, buying Nvidia stock anytime before 2022. That's good. How about the Louisiana purchase? We bought that for like 12 bucks. True. How about the guy who sold a slice of pizza to some dude for 50 Bitcoin in 2014?

Good deal. But besties add one more to the list of high ROI acquisitions. When Crocs acquired gibbets. True story, gibbets, the little charms that kids stick on Crocs to personalize him? There's trucks, gibbets, unicorns gibets, and Olaf gibbets. A crying toddler is a powerful motivator to drop five bucks on a piece of plastic gibbets. Sure, Amazon spends knockoff gibbets, but they just don't fit right. I know. We bought them.

We gave them out for trick-or-treating on Halloween Jack. Oh, yeah. It's a win. It's a win. But Crox didn't actually invent Jibbitts. They acquired the company 20 years ago for just $10 million. And how's the Jibbitts doing for Crocs these days, Jack? It now represents 8% of total sales or $320 million a year.

Biggest moment for Jibbitts since Pre-K Picture Day. Now, financially, Crox and Jibbitts are Batman and Robin. They are. because one is the true hero. Crocs. And the other is the sidekick. Jibets. But here's the update.

Crox is promoting Jibbets to hero by branding them as shulery. Translation, shoe jewelry. Now here's the news. Crox is expanding their chain of Jibbets bars, places where you can customize your crocs like you're ordering a cocktail. Now, just to explain further, when we say Jibbets bars, we're not saying you'll walk up and order a martini in your crocs. You walk up and order six rainbow charms, three soccer ones, and two hilarious emoji.

Yeah, Crox actually is a flagship. New York City, actually right near here, where they have a Jibitz bodega. Last month in China, they opened a standalone Jibbitts bar. You can't even buy crocs. You have to bring your own. But, Jack, pause the pot, because there's a new item on the shoe personalization menu at the Jibbiz bars. Shoe tattoos. Yeah. Shoe tats, like temporary flowers, butterflies, team logos that you stick on your crocs. Because kids are fickle. They are. Last week, they wanted Dino Dana. They want Hot Wheels today, but next month, you know they're going to want Frog and Toad. And if you tell the pod, son, that Dino Dana is still great, he's going to pour milk on your head.

Hence the shoe tattoos. But Crox is now betting that you, adult listener of this podcast, you are fickle too. Yeah, because this whole thing's actually designed for adults. Crox is now selling premium gibbets with gemstones. For as much as $995. We repeat, Crox collab with Balenciaga, the Spanish fashion house, so you can buy Crocs with a fancy metal bedazzled gibbets for $999.95 bucks. Legos realized that kidults were their profit puppy.

Right. So they're selling a $1,000 death star, like I said. Well, Crox is now testing the adult waters still. The stock is up 36% so far year to date on hopes that you'll drop half your paycheck on avocado-shaped gibbets. Because a millennial parents are now showing up to parties in pimped out crox. Shulery. Nick, can I confess something? Talk to me.

I have jibits on my shoes. Jack, you came out of the Crocs closet and I fully support this lifestyle choice. So, Jack, what's the takeaway for our buddies over at Crox? This is the economies of scarce. Now, Eddies, you've heard of economies of scale. The more of something you make, the more efficient the production. But Jack and I also believe in something we call economies of scarce. The more unique the product, the more someone will pay for it.

That's why to juice profits, we're seeing more brands invest in low-quantity, high-priced customizations. Like customized Nike's. Like the Levi Custom Shop, or like Golden Goose, which will personalize your sneakers with custom graffiti for an extra $150. Oh, and Ford, the car company, they launched limited edition Broncos following the drop strategy of the shoe industry. Those fashion brands we just mentioned, they charge 100 to 200 bucks extra for these customized options. Oh, and Ford, they're charging $5,000 more. Those markups, almost pure profit puppy margin.

Now, you can't scale customization. True. In fact, the more you make of that thing, then it's no longer unique or personalized, and it will kill the appeal. But competing in economies of scale means competing with Walmart and China, and that's brutal. Economies of scale is a real force, but in this economy, people will pay for scarce. Now a quick word from our sponsor. For our third and final story, the Social Reckoning movie premieres tonight. It's about the Facebook files, which published in 2021.

We covered the scandal five years ago. We did, but here's your reminder of the drama. Yeah, it is funny thing Jack and I have noticed in our Hollywood history. There are two A-list actors who have both played Vito Corleone, aka, my God, five, five. Marlon Brando and Robert De Niro. Great performances. But also, there are two actors who have now played Mark Mark Zuckerberg. First, Zuck was played by Jesse Eisenberg,

and now he's being played by Jeremy Stroke. Yeah, funny side note, Jesse Eisenberg declined to play Zuckerberg a second time because he said he was tired of kids coming up to him in airports asking for a pick with Zuck. Right. People thought he was literally Mark Zuckerberg. He became so associated with that character. It's all in the hair. Now, the sequel to the first Facebook movie hits theaters tonight on 2,500 screen.

And that first Facebook movie, the social network, it was known as one of the best movies of the 2010s. The first Facebook movie was about the original Zucking. Yeah. When Mark Zuckerberg copied the idea from the Winklevoss twins, burn friendships in order to create the first social network. It was the stage five, Zucking, Jack. But what's this new Facebook movie about, the social reckoning? It's about the Facebook files. A huge scandal that happened in 2021.

And Bessies, if you don't see the movie, you're going to want to hear this story. And if you're going to see this movie, you're also going to want to hear this story. Facebook used to have a civic integrity team. They did. And it was the one team at Facebook that did not care about growth. Civic integrity team. They had one mandate and one mandate only, safety. Francis Howgan, played in the movie by Mickey Madison,

worked on that civic integrity team and presented Mark ways to combat misinformation. Okay, but Jack, what was the problem when Zuck saw all of this misinformation data? Internal documentation showed that misinformation was actually great for engagement and great for profits. Yeah, misinfo. It's actually a profit puppy. You see, deceiving posts on Facebook provoke outrage, which provokes reposts, which provokes comments. Ultimately, posts with misinformation provoke more scrolling, more views of ads, and more money for Facebook. The comments are the content.

So what did Zuck do when he presented with these two opposing realities? He allegedly shelved the plan to combat misinformation. He shut down the civic integrity team and let the rage just roll on. So Francis Hogan became a whistleblower. She spilled all the beans to the Wall Street Journal's Jeff Horwitz, Played in this movie by Jeremy Allen White. The chef from the bear. But like a good journalist, Jeff Horowitz needed proof before he could publish her allegations.

So Francis took great personal risk to give him that proof. And voila, the result was the Facebook files. A series of articles on Facebook's algorithmic crimes against humanity. Like that Facebook and Instagram were addictive and caused mental health harms, especially to teenage girls. And that Facebook knew about it. And also that Facebook had two sets of speech roles. One for everyone and one for 5.8 million VIP famous people.

They also revealed a 2018 algorithm change that rewarded outrage and divisive content. And this movie, besties, it's about all of that. It'll also show, and I'm sure there's some creative liberty being taken here. It'll show Facebook's fixers trying to intimidate and silence the whistleblower in that Wall Street Journal reporter. And it will also show Jeremy Strong in full method acting,

not breaking character, even when he had to go to the bathroom on set. Apparently, for the eight days that he filmed this movie, He did not break his Mark Zuckerberg character and his Mark Zuckerberg voice for even a second. I'm going to need some food. Who has food? Even his dreams were Zuck's dreams. And nightmares. So we know what you're wondering, Bessie's.

What does Zuck think about a second movie about him in this one? We don't know. But we do know what Meta said about those Facebook files. Meta says the Facebook files were cherry-picked and can in no way be used to draw conclusions about the company. Basically, you can't handle the truth. what's the takeaway for our buddies watching, the social reckoning? Mark Zuckerberg, the movie character, is not a villain. He's an anti-hero. Yet he's that is Aaron Sorkin's assessment. And he's the guy who wrote both the Facebook movies

and directed the second one. Sorkin declined to comment on Mark Zuckerberg, the person. But Mark Zuckerberg, the character in his movies is an anti-hero. He said that anti-heroes are not villains. Anti-heroes believe that what they're doing is good and they morally can justify their own actions. Which clearly Zucker, does. Well, like Zuck always likes to talk about what he's really doing is a mission, a mission to connect the world. Or now his mission is to give everyone a super intelligent assistant to, like, run their lives and relationships. But since the Facebook files became public, Zucks reportedly stopped studying Facebook and Instagram's societal impact.

If his apps cause harm, he doesn't want to know about it anymore. No. Or at least he doesn't want to be legally liable of knowing about it anymore. But Bessie, Jack and I noticed one fascinating detail that director Aaron Sorkin also shared about this second movie. Sony, which produced the film, hired a third-party law firm to vet the script for fact-checking. Why, Jack? Because they knew meta had lawyers and lawsuits locked and loaded and aimed right at them. And Sorkin loves pointing out that irony.

Sony and Sorkin fact-checked the Facebook movie, which is about Facebook's refusal to fact-check. End scene. Jack, could you whip up the takeaways for us for the new New Friday? SpaceX is lining up a $40 billion deal just to buy in video. chips. But this one transaction is really a hundred transactions. Yeties, this deal explains the stock market and our trade deficit and high interest rates and could have acquired the NBA. For our second story, crock stock is booming this year on gibbets and temporary shoe tattoos, aka shoe chullery. It's not economies of scale, it's economies of scarce. And our third and final story, the Facebook file

showed that Facebook knew about the harms they were causing in pursuit of profit. But in the social reckoning, Zuck's portrayed as an anti-hero, not a villain. But best of you, this pod's not over yet. Here's what else you need to know today. First, Apple is about to invade your home, according to reports, with an Apple doorbell, an Apple lock, and an Apple thermostat,

all co-developed with LG. John Turnus, the new CEO, is hosting a surprise launch event next week, but Bloomberg reported the details early. Basically, think of these, like, eye doorbells as Alexa devices that you'll actually use. The only question is,

can Siri get the job done? We'll learn more on October 13th when Apple unveils these smart home products. What are you up to, Siri? And second, Two years after its controversial rebrand, Jaguar is back with its first new car, the Type 01 Electric. Two years ago, purists were horrified.

The Jaguar dropped their Jaguar logo. It was legendary. And they went pink. They also went all electric. But with this new car, they've corrected their overcorrection rebranded. Yeah, they dialed it back a little bit. Yeah, a little less pink, a little actually no pink. This car looks less lollipop, more like a silver electric sedan.

It's pretty bold, actually. Exactly. And finally, the melting Alps of Europe have been revealing ancient human artifacts, including the world's oldest ski. That's right, 7,500 feet up in the European Alps. Scientists just found two plank-like objects. They're pretty sure used to be skis. And they believe these 2,500-year-old wood pieces

are humans' oldest ski. No word on whether they were shaped skis. No word on the length, I'm guessing 177. But either way, our ancestors were shredding gnar 2,500 years ago. They're pretty busted up underneath, so I think there were rentals. They didn't find any poles.

so it seems like there's like a really bad wipeout, Jack. That was a very caveman joke, and I like it. Now, time for the best fact yet. This one whipped up by Jack when we were traveling to the studio on the subway. I mean, I looked up at the Chrysler Building, and I had to think of something. Yeah, what do you got? The Chrysler building's actually in the news. Tishman Spire and other investors are buying this epic building for $235 million.

Yeah, the Empire State Building is New York's muscular king, but the Chrysler building is our beautiful queen. These new developers are going to turn the 61st floor known for those gargoyles into a clubhouse with an outdoor terrace so you can touched the gargoyle like Batman did and Batman begins. So basically, we have to join this club. But I have a fun fact about the Chrysler building. Tell me more. It was the tallest building in the world, but for less than a year. Oh, that's it? Because the Empire State Building took its glory. But Nick. Bruce Moore? There is more. The Chrysler building is one of seven buildings that consecutively

at some point held the title for world's tallest building. Seven straight world's tallest buildings were skyscrapers in New York City. From the same. Singer Building in 1906 to the World Trade Center until 1973. Well, we missed the singer building, but Chrysler, she's never looked better. Yetis, you look fantastic over there. Jack, you're still glowing from today. And it's not just from the hair and makeup. They actually just gave me a rag and asked me to dab my forehead.

Did have a few touchups. A pretty insulting makeup experience for me. I kind of just did like a courtesy touch-up of myself because I didn't want you to be alone over there. It's all the besties and yeties who came to the opening bell ceremony. Thank you for getting it and joining us. It was a career and life milestone that I'll never forget. And NASDAQ, we can't wait to do this with you so much more to come.

We got some good stuff. In the meantime, Nick and I, we'll see you tomorrow. Definitely celebrate the wins. And before we go, a happy birthday to Legendary Eddie, Karin Gerski in San Francisco. She was at our first live show in the city. She missed the second, but we can't wait to see her at the third. Happy birthday to Kim Murray.

Her first birthday as a mom listening to us after she rides Peloton with Cody. Love Cody too. And Joe Driano over in Bellingham, Washington. and has got a birthday and wants to start his own shy business, which you should totally do, man, you got this. Happy birthday to Neil Trafford in Charlotte, North Carolina. And Valeria, happy birthday down in Costa Rica. Happy birthday to Kyle Hove. Six years of being a Yeti having a birthday in Los Angeles.

And Adrina Kang, the business school water polo phenom turned in 19 at you of Indiana. Happy birthday to Natalie, who's also got a new job and some feroa. And a happy birthday to Cody Rhodes in Okinawa, Japan, and congrats to your daughter on turning one. Happy five-year wedding anniversary to Robin and Siler, and it's Robin's birthday tomorrow. are up in Hudson, Wisconsin. And Mike, the runner who works at PWC, who yelled at me when I was on a run in the West Village this morning. Great to see you, buddy.

Thanks for being a listener. Keep the run going. And finally, a shout-out and a thank you to Bianca and Joe at NASDAQ, Matt, Isabella, and Patricia at Acast, and Rebecca from UTA for helping seal this awesome deal. This is Jack. I own stock of Disney, Nick own stock of Nike, and we both own stock of Apple.

I own one share of SpaceX. Nick owns more than one, and we both own some Bitcoin. Bitcoin, name Ben.