Blockspace: SpaceX’s $2T IPO, FBI Scams the Scammers, Trump Media Sells Bitcoin

CoinDesk Podcast Network1h 20mMay 23, 2026

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AI-Generated Summary

The latest episode of BlockSpace Live dives into a whirlwind of high-stakes tech and crypto developments, starting with SpaceX’s impending $2 trillion IPO—the largest in history—driven by its $18.67 billion 2025 revenue and a groundbreaking partnership with Anthropic to power Claude’s AI with SpaceX’s Colossus 1 data center. The show unpacks the AI infrastructure boom, highlighting how compute constraints are forcing companies like Anthropic to pivot to massive data center deals, while Bitcoin miners face a brutal revenue crunch despite rising hash rates. A deep dive into the anti-data center backlash reveals a growing disconnect between communities and tech operators, with Tom Massero of Sphere 3D proposing a 'Compute Permanent Fund' inspired by Alaska’s model to turn data centers into community assets. On the security front, Zach Herbert of Foundation Devices unveils Passport Prime, a new 'human authority hardware' platform designed to secure AI interactions with a dedicated, open app ecosystem. The episode then shifts to a controversial FBI sting operation—Operation Token Mirrors—where the government created a fake token to catch wash traders, only to accidentally rug investors and spawn a clone token that made $127,000 in 24 hours.

Key Takeaways
1

SpaceX's $2 trillion IPO would make it the largest company in the world by market cap, surpassing TSMC and Apple.

2

Anthropic is now using SpaceX’s Colossus 1 data center with 220,000+ NVIDIA GPUs to overcome severe compute constraints.

3

Bitcoin miners face a revenue crisis with hash prices stuck below $36 per petahash per day despite record hash rates.

4

The FBI’s Operation Token Mirrors sting accidentally rug-swept real investors, forcing a restitution portal and spawning a clone token that made $127K in 24 hours.

5

Trump Media sold 2,650 Bitcoin for $205M, now down $455M on its holdings, with no revenue and no plan for a spot Bitcoin ETF.

…and 3 more takeaways available in PodZeus

Chapters
0:00
10 min

SpaceX IPO and the $2T Vision

If SpaceX IPO is at $2 trillion, it immediately pops up as a top 10 largest company in the world. We're talking number... At $2 trillion even, it would be number seven behind TSMC.

Highlight
10:00
10 min

AI Compute Crunch and Data Center FUD

If we really are trying to be the AI center of the world, we're going to have to think long and hard about doing brave and bold things like what the Alaska Permanent Fund has done.

Highlight
20:00
10 min

Bitcoin Mining’s Revenue Dilemma

Despite a record 969 exahash/s hash rate, Bitcoin miners are struggling with hash prices below $36/petahash/day. Stephen Gladgola identifies laggard miners and co-location execution as key differentiators in the AI pivot race.

30:00
10 min

Foundation Devices and the Human Authority Platform

We're going to be the only ones saying, no, you can come build anything to run on this hardware. And this against the backdrop of it seems like every other episode we do, we do some story on some major DeFi protocol hack...

Highlight
40:00
10 min

FBI’s Operation Token Mirrors Sting

The FBI literally rugged you. I just want to point out here that this, I mean, I know the FBI is supposed to be an independent agency, whatever, but this administration has now rugged people.

Highlight
High-Impact Quotes
The FBI literally rugged you. I just want to point out here that this, I mean, I know the FBI is supposed to be an independent agency, whatever, but this administration has now rugged people.
Charlie63:10
Viral: 92.0
If SpaceX IPO is at $2 trillion, it immediately pops up as a top 10 largest company in the world. We're talking number... At $2 trillion even, it would be number seven behind TSMC.
Charlie6:48
Viral: 88.0
This is probably in terms of Bitcoin treasury companies. This is the most absurd one that came out totally riding on the coattails of the Trump name. No plan, no revenue, just dumping Bitcoin after taking a huge loss on it.
Colin70:55
Viral: 87.0
Speakers

Hosts

CharlieColin

Guests

Stephen GladgolaTom MasseroZach Herbert
Topics Discussed
spaceX IPO95%fbi sting operation92%trump media bitcoin90%ai compute90%human authority hardware88%chun wang mars mission85%bitcoin mining85%data center opposition80%
People & Brands

SpaceX

organization

45xPositive

Elon Musk

person

38xPositive

Anthropic

organization

22xNeutral

FBI

organization

20xNeutral

Tom Massero

person

18xPositive

Trump Media

organization

16xNegative

Zach Herbert

person

15xPositive

Foundation Devices

organization

14xPositive

Chun Wang

person

12xPositive

NextFundAI

other

8xNegative

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