'Big Short' Michael Burry says SpaceX, Anthropic not worth $1 trillion

SpaceX, Anthropic, OpenAI: What if one of the mega AI IPOs fizzles?

SpaceX, Anthropic, OpenAI IPOs at $4T+ valuations, raising $200B despite unprofitability. Sector's extreme capital hunger for model training creates systemic risk; revenue miss or market shock could trigger valuation collapse and funding freeze.