Elon Musk’s $45 Billion Deal to Save Anthropic

Watch on YouTube ↗  |  May 22, 2026 at 13:00  |  29:05  |  Bankless
Speakers
Josh Kale — Co-Host, Limitless Podcast (Bankless)
Ejaaz Ahamadeen — Co-Host, Limitless Podcast (Bankless)

Summary

The video covers three major AI deals: SpaceX's massive IPO filing with a 30% retail float, Anthropic's $45 billion compute deal with SpaceX, and the acquisition of Cursor by SpaceX. It also discusses Anthropic's impending profitability, Claude Mythos hacking Apple's M5 chip, China's GPU race where Nvidia loses market to Huawei, OpenAI's rumored IPO, and Andrej Karpathy joining Anthropic.

  • SpaceX files for a $1.75 trillion IPO, offering 30% of shares to retail investors.
  • Anthropic signs a $45 billion deal to lease GPUs from SpaceX for training Claude.
  • Anthropic is projected to be profitable by next month, first AI lab to do so.
  • SpaceX exercises option to acquire Cursor for $60 billion, creating a young billionaire.
  • Claude Mythos exploits Apple's M5 chip in 5 days for $35,000, highlighting its danger.
  • Nvidia concedes China's AI chip market to Huawei after US ban, losing 20% of profit.
  • OpenAI may file for IPO imminently, signaling a rush to public markets.
  • Andrej Karpathy joins Anthropic to work on reinforcement learning and self-improving AI.
Trade Ideas
Josh Kale Co-Host, Limitless Podcast (Bankless) 9:00
Retail can buy SpaceX IPO shares
SpaceX is offering 30% of its share float to retail investors in its upcoming IPO, which is unprecedented and gives retail a rare opportunity to participate in the largest IPO in history. The company has strong revenue visibility from the Anthropic compute deal, and the valuation of $1.75 trillion is supported by future growth prospects including AI data centers in space.
SPACEX HIGH
Ejaaz Ahamadeen Co-Host, Limitless Podcast (Bankless) 23:06
Nvidia losing China GPU market
Nvidia has conceded China's AI chip market to Huawei after the US ban forced China to develop domestic alternatives. China now mandates that all superintelligent AI labs use Chinese GPUs, eliminating Nvidia's 20% profit contribution from China. This is a significant negative for Nvidia's revenue and competitive position, making the stock unattractive.
NVDA HIGH
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This Bankless video, published May 22, 2026, features Josh Kale, Ejaaz Ahamadeen discussing SPACEX, NVDA. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Josh Kale, Ejaaz Ahamadeen  · Tickers: SPACEX, NVDA