# 20VC: SpaceX Soars to $2.7TRN | Anthropic's Fable Banned by US Government | Wix and Adobe Hit All-Time Lows | Mistral Raising at $20BN and The Case for Sovereign Models | Fin Acquired by Salesforce for $3.6BN

Page: https://stenobird.com/podcast/twenty-minute-vc/20vc-spacex-soars-to-2-7trn-anthropic-s-fable-banned-by-us-government-wix-and-adobe-hit-all-time-lows-mistral-raising-at-20bn-and-the-case-for-sovereign-models-fin-acquired-by-salesforce-for-3-6bn
Text version: https://stenobird.com/podcast/twenty-minute-vc/20vc-spacex-soars-to-2-7trn-anthropic-s-fable-banned-by-us-government-wix-and-adobe-hit-all-time-lows-mistral-raising-at-20bn-and-the-case-for-sovereign-models-fin-acquired-by-salesforce-for-3-6bn.md
Podcast: [The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch](https://stenobird.com/podcast/twenty-minute-vc)
Published: 2026-06-18T07:07:00+00:00
Episode link: https://thetwentyminutevc.libsyn.com/20vc-spacex-soars-to-27trn-anthropics-fable-banned-by-us-government-wix-and-adobe-hit-all-time-lows-mistral-raising-at-20bn-and-the-case-for-sovereign-models-fin-acquired-by-salesforce-for-36bn
Audio file: https://traffic.libsyn.com/secure/thetwentyminutevc/The_Trio_EP.61.mp3?dest-id=240976
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Duration seconds: 5104

## Resource

AGENDA: 00:00 — SpaceX Completes the Largest IPO in History 03:45 — Elon Musk Adds a Warren Buffett Fortune in 24 Hours 20:45 — Anthropic's Claude Fable Launches Monday, Gets Banned by Thursday 25:00 — Washington Declares War on Frontier AI 39:00 — Europe's Sovereign AI Push Accelerates as Mistral Targets $20B 43:30 — Benchmark Admits Its Biggest Miss: Passing on the Model Labs 45:15 — Salesforce Buys Fin for $3.6B and Rewrites the SaaS Survival Playbook 1:02:00 — Adobe Beats, Raises, and Still Crashes as AI Fears Intensify 1:06:30 — Why Every Legacy SaaS Company Is Trapped in an AI Death Spiral 1:10:00 — The AI Acquisition Window Has Officially Closed 1:13:00 — Nvidia at 16x Earnings vs SaaS at 8x Cash Flow: Where Should Investors Be? 1:17:00 — The Great Rotation: Why Wall Street Is Abandoning Software for AI Infrastructure

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