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

Michael Burry, the investor famous for betting against the 2008 housing crisis, has expressed serious skepticism about SpaceX and Anthropic's trillion-dollar valuations. Burry argues that SpaceX's $2 trillion valuation target is not justified by its $18.7 billion in revenue and $4.9 billion net loss, and he doubts Anthropic will ever be worth anywhere near $1 trillion, citing unsustainable costs in AI model development that he expects will be commoditized over time. He contends that current demand for computing power represents a "false demand signal" that will lead to excess capacity within a few years.