Altimeter Capital

@CNBC Squawk Box with Altimeter founder & CEO Brad Gerstner (@altcap), Andrew Ross Sorkin (@andrewrsorkin), and Joe Kernen (@JoeSquawk) | October 21, 2026

Key takeaways of Brad’s views:

> SpaceX’s earnings show the magnitude of the AI buildout. It plans to stand up 10 GW of compute next year, roughly 25% of the US total, and scale in capital, compute, and data wins the race to superintelligence
> The people calling a compute glut over the last two years have all been wrong. Unlike 2000, demand is unconstrained and supply is limited by wafers and power
> Starlink is on a path to becoming a real alternative carrier, with fast adoption in the US and around the world
> The US has a robust framework for AI safety, with pre release review of every frontier model, the White House Accord on Super Intelligence, and the SI Force
> @elonmusk will give one share of @SpaceX to every child in America through @InvestAmerica24, which Brad calls Giving Pledge 2.0

Watch: youtu.be/JoTqS4gxCgM

Claude Opus 5.5 cut customer cost per task by 40% while preserving margins.

"Incredibly bullish for the company." @paulinebhyang

70%+ of compute in 1H 2026 went to training.

"I think that flywheel is what is going to keep @AnthropicAI at the edge for years to come."

Altimeter Partner @paulinebhyang joined @SaraEisen on @SquawkStreet to discuss her beliefs surrounding Anthropic's flywheel: best models lead to more revenue, then more profit, then more compute for training.

$1.5–2T rumored range. ~11x forward revenue. Still growing 2.5x.

"To us, that feels, you know, dare I say cheap, but certainly like a fair price."

Altimeter Partner @paulinebhyang joined @SaraEisen on @SquawkStreet on why she believes even a $1.8T market cap, which would be the largest IPO in history, isn't onerous for @AnthropicAI.

Less than $10B burned in @AnthropicAI's entire history. $16.8B of revenue in Q3 alone.

"I think that is by far the most impressive stat coming out of the S1."

Altimeter Partner @paulinebhyang joined @SaraEisen on @SquawkStreet on October 27 to break down Anthropic's S-1.