SpaceX’s Secret, Nuclear's Rebirth, and the AI Power Crisis

Video Overview & Insights

In 2010, the U.S. and China were at parity in electricity generation. Today, China boasts triple our capacity. We’re at the vanguard of the AI revolution but falling dangerously behind in energy production. Scott Nolan has identified a key bottleneck in nuclear energy and is at the forefront of the effort to scale nuclear power and help America achieve energy abundance.

While studying at Cornell University, Scott landed an internship at Boeing. He quickly jumped to SpaceX as an early employee and worked on the Falcon propulsion systems and Dragon capsule. He later became Partner at Founders Fund, where he focuses on energy, infrastructure, biotech, and other key sectors. In 2024, he founded General Matter to rebuild America’s nuclear enrichment capacity.

We begin the episode with Scott’s entrepreneurial journey, the contrast between Boeing and SpaceX, and how to build a culture that prioritizes speed and performance in a highly regulated sector. Next, Scott explains the origins of General Matter and breaks down the science behind creating nuclear fuel. In the 1980s, the U.S. produced 80% of global enriched uranium; today that number is zero. Learn how post-Cold War disarmament destroyed our capacity to the point where we are now reliant on Russia, among others, for enrichment. Scott explains how China surged ahead in electricity generation, and what it will take to jumpstart America’s nuclear renaissance. Finally, we cover exciting possibilities, including nuclear power in space and on the moon, and what a future of cheap, abundant energy could look like.

Joe Lonsdale is an American entrepreneur, investor & philanthropist. He has been a part of founding more than a dozen mission-driven companies, including Palantir, Addepar, OpenGov, Epirus, Saronic, and 8VC.

Follow Joe on X: https://x.com/jtlonsdale

You can find his writings here: https://blog.joelonsdale.com/

00:00 Episode intro

01:20 Boeing vs SpaceX / lessons on speed & performance

05:20 What made SpaceX unique?

09:05 General Matter / how to make nuclear fuel

16:45 Disarmament and relying on Russia

19:50 The AI energy crisis / falling behind China

24:30 Founders Fund and energy investing

27:15 How to scale nuclear energy

32:00 How to fund the nuclear buildout

36:15 Nuclear in space & new possibilities