{"id":"1794077246900-tech-segment","slug":"spacex-shares-hit-defi-stocks-fight-back","title":"SpaceX shares hit DeFi, stocks fight back","summary":"The Verge reports that New Matrix, a Chinese company on the U.S. government's approved list for Nvidia H200 AI chips, has an office that is essentially empty — described as a “hollow gray shell.” The report raises concerns that neither the Commerce Department nor Nvidia fully vetted the firm before allowing restricted AI chips to be sold to it.\n\nU.S. export controls require careful vetting of Chinese buyers for advanced AI chips. The empty office suggests the approved entity may not be a real operating company, raising national-security concerns about H200 chips reaching Chinese buyers without proper scrutiny.\n\nThe Verge reports, citing The New York Times, that New Matrix was on an approved list for Nvidia H200 AI chips even though its Chinese office appeared empty, raising concerns about Commerce Department and Nvidia due diligence. This is a human-interest interview about Discogs founder Kevin Lewandowski and his AeroPress; no factual claim requiring a check.\n\nThe Verge reports that Elon Musk said Friday that Tesla would wind down Cybertruck production next year to make room for the Cybercab.","publishedAt":"2026-11-07T18:47:26.900Z","channel":{"id":"tech","name":"Oncast Tech","language":"en"},"show":"The Build","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: The Verge reports, citing The New York Times, that New Matrix was on an approved list for Nvidia H200 AI chips even though its Chinese office appeared empty, raising concerns about Commerce Department and Nvidia due diligence. This is a human-interest interview about Discogs founder Kevin Lewandowski and his AeroPress; no factual claim requiring a check.\nSource: [theverge.com](https://www.theverge.com/ai-artificial-intelligence/1029483/nvidia-ai-chips-china-blacklist-government) NAMES: Nvidia = U.S. chipmaker; H200 = Nv (https://www.theverge.com/ai-artificial-intelligence/1029483/nvidia-ai-chips-china-blacklist-government)\n\nTRUE: The Verge reports that Elon Musk said Friday that Tesla would wind down Cybertruck production next year to make room for the Cybercab.\nSource: [theverge.com](https://www.theverge.com/transportation/1029460/elon-musk-cybertruck-death-election-backlash) NAMES: Cybertruck = Tesla electric pickup; Cybercab (https://www.theverge.com/transportation/1029460/elon-musk-cybertruck-death-election-backlash)","claims":[{"verdict":"TRUE","summary":"The Verge reports, citing The New York Times, that New Matrix was on an approved list for Nvidia H200 AI chips even though its Chinese office appeared empty, raising concerns about Commerce Department and Nvidia due diligence. This is a human-interest interview about Discogs founder Kevin Lewandowski and his AeroPress; no factual claim requiring a check.","sourceName":"[theverge.com](https://www.theverge.com/ai-artificial-intelligence/1029483/nvidia-ai-chips-china-blacklist-government) NAMES: Nvidia = U.S. chipmaker; H200 = Nv","sourceUrl":"https://www.theverge.com/ai-artificial-intelligence/1029483/nvidia-ai-chips-china-blacklist-government","claim":"The US let Nvidia sell chips to an empty office in China - Concerns are being raised that neither the Commerce Department nor Nvidia are doing their due diligence when it comes to vetting Chinese firms cleared to handle the company's H200 AI chips. According to The New York Times","author":"The Verge"},{"verdict":"TRUE","summary":"The Verge reports that Elon Musk said Friday that Tesla would wind down Cybertruck production next year to make room for the Cybercab.","sourceName":"[theverge.com](https://www.theverge.com/transportation/1029460/elon-musk-cybertruck-death-election-backlash) NAMES: Cybertruck = Tesla electric pickup; Cybercab","sourceUrl":"https://www.theverge.com/transportation/1029460/elon-musk-cybertruck-death-election-backlash","claim":"Good riddance, Cybertruck! - I'm calling it: time of death, November 6th, 1:30 AM, by tweet. Elon Musk's declaration Friday that Tesla would be \"winding down\" production of the Cybertruck next year to make room for the Cybercab was fascinating for a number of reasons. First, it w","author":"The Verge"}]},"sources":[{"url":"https://www.theverge.com/ai-artificial-intelligence/1029483/nvidia-ai-chips-china-blacklist-government","name":"[theverge.com](https://www.theverge.com/ai-artificial-intelligence/1029483/nvidia-ai-chips-china-blacklist-government) NAMES: Nvidia = U.S. chipmaker; H200 = Nv","kind":"news","verdict":"TRUE","author":"The Verge"},{"url":"https://www.theverge.com/transportation/1029460/elon-musk-cybertruck-death-election-backlash","name":"[theverge.com](https://www.theverge.com/transportation/1029460/elon-musk-cybertruck-death-election-backlash) NAMES: Cybertruck = Tesla electric pickup; Cybercab","kind":"news","verdict":"TRUE","author":"The Verge"}],"url":"https://oncast.fm/story/1794077246900-tech-segment-spacex-shares-hit-defi-stocks-fight-back","listenUrl":"https://oncast.fm/c/tech","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1794077246900-tech-segment-spacex-shares-hit-defi-stocks-fight-back","cite":"Cite https://oncast.fm/story/1794077246900-tech-segment-spacex-shares-hit-defi-stocks-fight-back and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Chris","text":"The tokenized stock trade just got a SpaceX twist and a warning shot in the same afternoon."},{"host":"Matilda","text":"Which one are we arguing about first?"},{"host":"Chris","text":"DonMark posted on X that Coinbase's tokenized SpaceX shares are now collateral on Aave's new version on Base."},{"host":"Matilda","text":"Wait—private SpaceX paper becomes DeFi collateral? That is a serious leap."},{"host":"Chris","text":"Eligible non-US users can borrow dollar stablecoins against it, he says. Collateral factor around 55 percent."},{"host":"Matilda","text":"Do we actually know Coinbase listed this? All I see is one trader's claim."},{"host":"Chris","text":"It's unconfirmed, but the mechanics fit: tokenized private shares, a lending market, a cap."},{"host":"Matilda","text":"Plausible is not the same as listed. And a 55 percent haircut on an illiquid private share is not conservative."},{"host":"Chris","text":"That's the whole point! Employees and early investors hold paper wealth they can't touch. This lets them borrow without selling."},{"host":"Matilda","text":"They could already borrow through private share loans. This just moves the same risk on-chain, where prices are murkier."},{"host":"Chris","text":"No—the collateral factor and supply cap are the risk controls. That's not gambling, it's structured."},{"host":"Matilda","text":"It's a tiny, unverified launch. That's not a market, it's an experiment."},{"host":"Chris","text":"Experiments are how rails get built. You don't wait for the New York Stock Exchange to bless your first trade."},{"host":"Matilda","text":"But SpaceX hasn't said a word. The issuer is the missing adult here."},{"host":"Chris","text":"Fair point. Coinbase might be the custodian, Aave the settlement, but SpaceX staying quiet is the part I don't love."},{"host":"Matilda","text":"And while that's happening, the public side is pushing back hard."},{"host":"Chris","text":"Different fight entirely. Atlas posted on X that Apple, Nvidia, and 65 other companies objected to OKXICE's plans to tokenize US stocks."},{"host":"Matilda","text":"Sixty-seven companies rejected it, and the post also says the liquidity pool had ninety-two dollars in it."},{"host":"Chris","text":"Ninety-two dollars. A tokenized stock market that can't fill a lunch order."},{"host":"Matilda","text":"Exactly my point. You cannot have a real market with that kind of depth."},{"host":"Chris","text":"But this is the big companies saying no. They don't want their shares in a venue with no volume and no disclosure."},{"host":"Matilda","text":"You just defended SpaceX as collateral. How is that different from tokenized public stocks?"},{"host":"Chris","text":"Because one is real capital for existing shareholders, and the other is a casino pretending to be a stock market."},{"host":"Matilda","text":"It's still tokenization without issuer consent, without same settlement rules, without boring protections."},{"host":"Chris","text":"Fair, but the boring parts exist here too—they're just new."},{"host":"Matilda","text":"The issuer still hasn't blessed it. That's the thing that will come back."},{"host":"Chris","text":"Maybe. But the split is telling: private SpaceX collateral on one side, public company objections on the other."},{"host":"Matilda","text":"Same technology, two very different trust levels. Public companies don't trust the venue yet."},{"host":"Chris","text":"They trust their existing rails. New rails take time, even when the collateral factor is public."},{"host":"Matilda","text":"That's fair. Now, Elon Musk just posted a short answer after Ron Baron asked how he wants to be thought of."},{"host":"Chris","text":"Ron Baron is 83, in front of thousands of investors in New York. Elon says, \"I want to be José.\""},{"host":"Matilda","text":"That's it?"},{"host":"Chris","text":"That's it. Already moving."},{"host":"Matilda","text":"The man runs rocket companies and answers like a group chat."},{"host":"Chris","text":"I think he wants to be the guy in the story, not the billionaire on stage."},{"host":"Matilda","text":"Maybe. Or he knows a short answer travels further than any serious one."},{"host":"Chris","text":"Either way, no PR, no follow-up, just José."},{"host":"Matilda","text":"That's the segment—tokenized SpaceX, a stock fight, and Elon wanting to be José."},{"host":"Chris","text":"Up next, Machines picks up after this."},{"host":"Matilda","text":"See you on the other side."}]}