Michael Burry says neither SpaceX nor Anthropic is worth $1T

4 hours ago

Michael Burry expressed skepticism about SpaceX's valuation, stating its S-1 filing does not support a $1-2 trillion valuation and any stock increase would be based on hype.
He doubted Anthropic's $965 billion valuation, arguing its AI model development is too costly and computing power will become commoditized, leading to oversupply.
Burry criticized the AI industry's 'false demand signal' and 'tokenmaxxing' trend, predicting excessive computing power buildout will exceed future needs.
SpaceX reported $18.7 billion revenue and a $4.9 billion net loss in 2023, while aiming for a roughly $2 trillion valuation in its IPO filing.
Anthropic recently raised capital at a near $1 trillion valuation, but Burry questioned its long-term worth and made a sarcastic comment about reconsidering in 240,000 years.

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