Michael Burry dismisses trillion-dollar valuations for SpaceX and Anthropic
By
Theron Mohamed
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
Michael Burry, the investor known for predicting the 2008 financial crisis ("The Big Short"), has publicly stated that neither SpaceX nor Anthropic is worth a $1 trillion valuation. He argues there's "nothing" in SpaceX's IPO filing to justify such a valuation, and that Anthropic may never reach that level. The article examines Burry's contrarian take on two of the most hyped private companies in tech and AI.
Key quotes
· 3 pulledThere's nothing in SpaceX's IPO filing to warrant a trillion-dollar valuation.
Anthropic might never be worth that much.
The hype around these companies has gotten ahead of the fundamentals.
You might also wanna read
Narrow AI-driven stock gains echo dotcom bubble concentration, analysts warn
The article draws a comparison between the current stock market behavior and the dotcom bubble top of 2000. It notes that while the S&P 500
cnb.cx·51m ago
Strategy Sells 32 BTC for $2.5M to Fund Preferred Stock Dividends, a Rare Liquidation
Strategy (formerly MicroStrategy) sold 32 Bitcoin between May 26-31, 2026, generating $2.5 million at an average price of $77,135 per coin.
news.bitcoin.com·55m ago
Morning Squawk: Nvidia enters PC market, Trump says no hurry on trade deal
CNBC's Morning Squawk newsletter covers key market-moving news to start the trading day, including Nvidia entering the PC market which spark
cnb.cx·1h ago
Las ventas de automóviles en España caen un 0,8% en mayo pero se mantienen sobre las 111.000 unidades
El mercado automovilístico español registró 111.894 ventas en mayo de 2026, un descenso del 0,8% respecto al mismo mes del año anterior. Es
anfac.com·1h ago
住信SBIネット銀行、最終日に元金50%一括返済の住宅ローンを開始 対象は1億円以上の高級マンション
住信SBIネット銀行が、返済最終日に元金の50%を一括で支払う新しい住宅ローン商品の取り扱いを開始した。このローンは、返済期間中にマンションを売却し、その売却益を一括返済に充てることを想定しており、毎月の返済額を通常より約28%抑えられる。対象は東京23区や横浜市などの1億円以上
Private credit faces painful reckoning as cheap capital era ends
The article argues that the private-credit market, shaped by a decade of low interest rates and abundant liquidity, is facing a painful unwi
econ.st·2h ago