Anthropic Hits $1T, OpenAI Struggling, Elon Reloads with $60B Cursor Deal | Trading Places Podcast E32

Anthropic just crossed a $1 trillion valuation… and may have officially passed OpenAI.Meanwhile, Elon Musk is making moves—SpaceX is partnering with (and possibly acquiring) Cursor in a $60B deal, while OpenAI races to stay competitive with new releases like GPT-5.5 and Images 2.0.This week on Trading Places, Dave McClure and Aman Verjee break down one of the wildest weeks in AI, venture capital, and secondary markets:— The Fed shakeup and what it means for interest rates— Iran war tensions and global market implications— Anthropic’s meteoric rise past OpenAI— SpaceX’s massive AI bet with Cursor— OpenAI’s latest product push— AngelList opening venture capital to retail investors— The rise of prediction markets like Polymarket and KalshiPlus: a deep dive into Cursor—the fastest-growing SaaS company ever—and why SpaceX wants it.00:00 – cold open[ tech and vc news ]01:22 – Warsh fed chair moves Up 🪑03:52 – Iran war ends when 🤔06:15 – Anthropic $1T valuation 💰08:10 – Cursor & SpaceX engage 👰‍♀️14:21 – OpenAI launches GPT 5.5 + images 2.0 🚂17:54 – AngelList launches USVC 💸25:11 – Polymarket & Kalshi double down 🎲29:25 – [ valuation corner: Cursor @ $50B ] what is Cursor 🤖31:24 – CEO & MIT team 👥33:12 – Why SpaceX wants Cursor & vice versa 💍💒38:23 – early investors a16z + Thrive 🤑39:56 – Sam Bankman-Fried almost won big 🙅‍♂️[ spv: Equitybee ]44:27 – why we invested in Equitybee 🐝46:15 – how you can join the SPV 👍46:53 – spinal cap debut 🎶[ links: ][ equitybee SPV invest = https://practicalvc.com/eb ][ trading places socials = www.linktr.ee/tradingplacespod ][ aman verjee = https://www.linkedin.com/in/aman-verjee/ | https://x.com/amanverjee ][ dave mcclure = https://www.linkedin.com/in/davemcclure | https://x.com/davemcclure ]#cursorspacex #spacexcursor #venturecapital #secondarymarkets #secondaries