Burry Questions SpaceX and Anthropic's $1 Trillion Valuations

Michael Burry questions whether SpaceX and Anthropic can justify trillion-dollar valuations, arguing hype and the race for AI compute power may not last as compute becomes commoditized. SpaceX’s S-1 shows $18.7B revenue and a $4.9B net loss last year, while aiming for a roughly $2T public-market valuation; Anthropic has been valued around $965B, but Burry says there’s no guarantee it will ever be worth that much. He also critiques the current demand signals, including “tokenmaxxing.”