What Happened
Investor Doubts Lofty Price Tags For Space And AI Companies
Michael Burry, the investor behind ‘The Big Short’, has expressed doubts about the valuations of SpaceX and Anthropic, questioning whether they are worth $1 trillion. SpaceX, which filed an IPO prospectus, is targeting a valuation of roughly $2 trillion despite posting a net loss of $4.9 billion last year. Anthropic, on the other hand, raised capital at a $965 billion valuation. Burry’s comments were reported by Business Insider.