"The Big Short" Michael Burry questions the valuation of SpaceX and Anthropic: Neither is worth $1 trillion
BlockBeats reports that on June 1, Michael Burry, the investor known for successfully shorting the U.S. real estate market and as the inspiration for "The Big Short," recently expressed skepticism about the high valuations of SpaceX and Anthropic, stating that neither company possesses long-term value support above 1 trillion dollars.
Regarding SpaceX, Burry noted in his Substack discussion, "Any further rise will come from market hype and technical factors." He believes that the IPO prospectus submitted by SpaceX does not provide a reasonable basis for a valuation of 1 to 2 trillion dollars.
According to the S-1 documents previously disclosed by SpaceX, the company is projected to achieve 18.7 billion dollars in revenue and a net loss of 4.9 billion dollars in 2025. The general market expectation is for its IPO valuation to be around 2 trillion dollars.
For Anthropic, the AI company that recently completed a funding round raising its valuation to 96.5 billion dollars, Burry likewise expressed doubts. He believes that the large model development approach is "too costly and relies excessively on stacking computing power." As computing resources become increasingly commoditized, the current demand for computing power in the AI industry may send the wrong signals, leading to overbuilding and overcapacity in the coming years.
Burry stated, "There is no guarantee Anthropic will achieve a long-term value close to 1 trillion dollars, and in fact, it's not even likely." He joked that before being willing to pay 1 trillion dollars for Anthropic, he "would rather count to 1 trillion first and reconsider after 240,000 years."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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