In this episode, we unpack the Federal Reserve's decision to hold interest rates steady, SpaceX's IPO and the dramatic post-listing run, and the company's completed acquisition of AI coding startup Cursor. We also dig into the unprecedented government directive that forced Anthropic to pull its most powerful AI models offline, and what that episode may signal about the growing tension between frontier AI development and national security policy, and Moody's move to bring its credit ratings on-chain to the Solana network.

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

This episode of ABCD Roundup features a conversation about the approaching SpaceX IPO and reported surge in investor demand, the potential for quantum computing to address energy and compute constraints, and how the US AI boom may be affecting China. The discussion also touches on recent AI model releases, noting Anthropic's launch of Claude Fable 5, described by the company as a "Mythos-class" model adapted for general use, as well as reports that SoftBank sought to borrow $6 billion against its OpenAI stake before its shares declined roughly 9.7%.

The episode's "Chart of the Week" segment focuses on Pre-IPO Preparations Volume.

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we examine several developments that may be shaping technology and capital markets. We first discuss recent price action in bitcoin and explore potential factors behind the latest market decline, including futures market positioning and the implications of Strategy's recent decision to sell a small portion of its bitcoin holdings.

We turn to SpaceX, reviewing Morningstar's recent valuation analysis, its financial position, and discussions of its potential path toward S&P 500 inclusion following its anticipated IPO. The conversation also covers Ramp's latest $750 million funding round at a reported $44 billion valuation and what it may signal about investor appetite for fintech and enterprise software. Finally, we discuss OpenAI CEO Sam Altman's new game show initiative and its intersection with AI, media, and consumer engagement.

Chart of the week: Morning Star's SpaceX Valuation Analysis and Compute Capacity

Remember to Stay Current! To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

Legal Disclaimer

This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we unpack bitcoin's pullback toward $73K while AI-related capital formation and infrastructure investment continue to accelerate.

The discussion covers Anthropic's latest raise, now at $965 billion post-money valuation, market commentary tied to Michael Burry's recent predictions, and the growing conversation around AGI versus the emergence of "RSI" (Recursive Self-Improvement), and what that could mean for markets, labor, and global competition. Finally, we explore the future of financial products tied to AI ecosystems, including the potential for AI token futures and new forms of market exposure as the sector matures.

Chart of the week: Q1 M&A heats up as multiples rise

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we break down reports that OpenAI generated approximately $5.7 billion in Q1 revenue while its rival, Anthropic, targets nearly $11 billion in Q2 revenue and potential cash flow profitability, perhaps signaling a shift to operational scale in generative AI.

The discussion also examines recent weakness following bitcoin's rally in May, including reports that Mark Cuban reduced his BTC exposure even as firms like Bitmine continue to accumulate. We also unpack SpaceX aborting its latest space launch while focused on its much-anticipated IPO. Finally, we cover the U.S. government's push into quantum computing through a new $2 billion CHIPS Act and how legacy Web2 leaders are evolving their core products and platform strategies amid growing pressure from AI-driven consumer behavior and evolving internet discovery models.

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To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we unpack Cerebras Systems' blockbuster IPO and how it may reignite momentum across the AI infrastructure trade. We also discuss the macro backdrop shaping risk assets, including speculation around the new Federal Reserve chair, hotter-than-expected inflation data, alongside resilient labor markets, and what it could mean for digital assets and broader growth markets. Further, we cover growing legislative momentum behind the Digital Asset Market Clarity Act, the sharp rise of privacy-focused token Xcoin, and renewed venture appetite as firms including Haun Ventures and Andreessen Horowitz raise billions in fresh digital asset-focused capital.

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To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we welcome back Kieren James-Lubin to explore the evolution of blockchain infrastructure from the earliest days of Ethereum to the emerging world of "HardFi", programmable finance backed by real-world assets. The conversation also includes a special reveal from the team building the financial infrastructure backed by hard assets like gold and silver, offering listeners an early look at the launch of tokenized commodities and an on-chain collateral market.

Long before institutional digital asset adoption, the team behind Strato was building Ethereum infrastructure for enterprises, governments, and global industrial organizations, helping launch one of the first Blockchain-as-a-Service offerings with Microsoft Azure and co-founding the Enterprise Ethereum Alliance. For over a decade, they have operated blockchain systems in production environments where reliability, compliance, auditability, and settlement infrastructure mattered.

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To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

Legal Disclaimer

This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we unpack whether today's AI-driven market may resemble the dot-com bubble of 2000 or the early innings of a multi-decade technological supercycle. Further, we explore the rise in AI infrastructure demand, including Samsung surpassing a $1 trillion valuation as hyperscalers race to secure memory and compute capacity for large-scale AI systems. The conversation then shifts to the reported July 4 target for the CLARITY Act, signaling potential momentum around U.S. digital asset regulation and how stablecoins may be evolving as AI-powered autonomous payments.

Finally, we break down the rapidly shifting LLM landscape, debating the tradeoffs between speed, performance, and inference cost and why open-source models, specialized chips, and cheaper AI deployment may reshape the competitive dynamics of the next computing era.

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we unpack the macro and tech landscape, from Bitcoin nearing $80K amid persistent geopolitical tensions, inflation concerns, and a steady Federal Reserve, to a broader debate on whether the economy is shifting toward a "C-shaped" recovery as highlighted by Hilton's leadership. We also examine potential global market implications of the United Arab Emirates stepping away from OPEC, alongside major capital and infrastructure moves, including Tether's push to build a public Bitcoin-focused powerhouse, and stablecoin expansion efforts from Morgan Stanley and Western Union.

On the AI front, we cover SoftBank's ambitious infrastructure bets and IPO aspirations, as well as Anthropic's rapid march toward a potential $900B+ valuation. We close with a discussion on the overlooked bottleneck in the $725B AI boom, not compute, but connectivity, highlighting a critical constraint shaping the next phase of AI-driven growth.

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To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/.

To speak to a team member or sign up for additional content, please email [email protected]

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This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.

In this episode, we break down what may be fueling Bitcoin's latest move toward $80K, analyzing whether whale activity and ETF inflows can signal a potential bottom to crypto winter as prediction markets increasingly "price in" upside scenarios. We also unpack the growing influence and controversy around Polymarket, including a high-profile case involving a $400K wager tied to the alleged arrest of Nicolás Maduro.

On the AI front, we explore intensifying Big Tech competition, from Meta partnering with Amazon Web Services on AI chips to Google deepening ties with Nvidia-powered frontier labs. Finally, we dive into the blockbuster headline of SpaceX potentially acquiring Cursor for $60B.

Remember to Stay Current!

To learn more, visit us on the web at https://www.morgancreekcap.com/morgan-creek-digital/. To speak to a team member or sign up for additional content, please email [email protected]

Legal Disclaimer

This podcast is for informational purposes only and should not be construed as investment advice or a solicitation for the sale of any security, advisory, or other service. Investments related to the themes and ideas discussed may be owned by funds managed by the host and podcast guests. Any conflicts mentioned by the host are subject to change. Listeners should consult their personal financial advisors before making any investment decisions.