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

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

businessinsider.com

June 2, 2026

2 min read

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53/100

Summary

Michael Burry expressed skepticism about the valuations of SpaceX and Anthropic, stating they are not worth $1 trillion. He indicated that any potential increase in SpaceX's stock would be driven by hype and technicals, not by its fundamentals.

Key Takeaways

Michael Burry doubts the valuations of SpaceX and Anthropic, stating they are not worth $1 trillion or more.
SpaceX reported $18.7 billion in revenue but a net loss of $4.9 billion last year, with a targeted IPO valuation of $2 trillion.
Burry believes the current demand for AI computing power is artificially inflated and unsustainable in the long term.
He expressed skepticism about Anthropic's $965 billion valuation, suggesting it may not be justified in the future.

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Community Sentiment

Mixed

Positives

Anthropic's Claude could become a vital tool for knowledge workers, potentially generating $180B annually if widely adopted, highlighting the growing importance of AI in the workforce.
The integration of AI tools like Claude into daily work routines signifies a shift towards AI as an essential utility, which could reshape productivity across industries.

Concerns

Concerns about the commoditization of AI models suggest that competition could undermine the perceived value of companies like Anthropic, making their lofty valuations questionable.
Skepticism about the real improvements offered by advanced AI models indicates that users may prefer cheaper, less advanced alternatives, challenging the sustainability of high pricing strategies.
The speculative nature of AI valuations raises doubts about their long-term viability, as past market cycles show that hype can lead to significant downturns.