Not sure what you mean by "Arduino", but to handle a VGA stream of 50k FPS you'll need to transfer a few gigabytes per second. You'll need an FPGA to read such a fast VGA camera. Also, I doubt a 50k fps chip is a one man job. Even as a team, you'll need many iterations to get that right.
The only one-man-show chip I know, other than the sea of academic/research prototypes, is the Propeller microcontroller. Not sure if kickstarter was invented during Propeller 1, and not sure if it ever was a kickstarter for the current Propeller 2, but AFAIK both of them were made in small batches, mostly by a single person. Very interesting concept and architecture for a microcontroller, never seen before something like Propeller.
On short, it's possible to get custom chips manufactured (in older technology) for only a few thousands of $, but unless there is a new and closed design, you'll find cheaper on the shelf similar products.
OTOH, if you'll have a 50 kfps VGA chip for $10, it'll sell like crazy!