Michael Burry, the investor known for betting against the 2008 housing market, stated that neither SpaceX nor Anthropic is worth $1 trillion. In a series of social media posts, Burry argued that their valuations are inflated by speculative private market dynamics. He specifically criticized the lack of public scrutiny for these companies, which have avoided IPO disclosures. Burry's comments come amid broader concerns about overvaluation in the AI sector.
Michael Burry is the canary in the coal mine. He saw the housing crash coming. Now he's smelling another bubble. SpaceX and Anthropic are darlings of the tech world. But Burry says their trillion-dollar valuations don't hold water. He's not alone. Many analysts whisper similar doubts. The private market is a black box. No SEC filings. No quarterly earnings calls. Just hype and FOMO.
But here's the twist. Burry might be wrong. SpaceX has a monopoly on heavy-lift rockets. Anthropic is building the safest AI models. Both have multi-decade moats. A trillion dollars is a lot. But so was Amazon in 1999. The question is: are we in a bubble or a paradigm shift? Burry says bubble. I say evolution. Time will tell. But if you're betting against Musk and Dario Amodei, you better have deep pockets.