Michael Burry, investor of "The Big Short" fame.
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Michael Burry says he has major doubts about SpaceX and Anthropic's lofty valuations.In recent discussion threads on his Substack, the investor of "The Big Short" fame questioned the worth of Elon Musk's rocket, satellite, and AI company, and the maker of popular AI model Claude."Any move up will be on hype and technicals," Burry wrote about SpaceX stock in a subscriber chat he started on Saturday. "Nothing in that S-1 suggests it is worth $1 trillion let alone $2 trillion."SpaceX filed an IPO prospectus known as an S-1 on May 20, revealing that last year it made $18.7 billion in revenue and posted a net loss of $4.9 billion. It is widely reported to be targeting a valuation of roughly $2 trillion as a public company.Anthropic announced last Thursday that it had raised capital at a $965 billion valuation, paving the way for a public listing at an even higher valuation.Reacting to the news, Burry said in a subscriber chat that he's skeptical the AI startup will ever warrant that price tag."There is no guarantee, and not even a strong likelihood, that Anthropic is long-term worth anywhere near $1 trillion," he wrote.
