Michael Burry Doubts SpaceX and Anthropic Are Worth $1 Trillion
anthropic
| Source: HN | Original article
Michael Burry doubts SpaceX and Anthropic's $1T valuations. Investor sees hype driving potential gains.
As we reported on June 2, Anthropic filed a confidential IPO application, targeting a valuation of over $1 trillion. Now, renowned investor Michael Burry has expressed skepticism about the lofty valuations of both SpaceX and Anthropic, stating that neither is worth $1 trillion. Burry, known for his role in "The Big Short," believes that any potential stock price increase will be driven by hype and technicals rather than actual value.
Burry's comments come as Anthropic prepares for its initial public offering, having confidentially submitted a draft S-1 registration statement to the Securities and Exchange Commission. The investor draws parallels between the IPOs of SpaceX, Anthropic, and OpenAI, and the dot-com bubble of the 2000s, warning of higher risks for investors. With Burry's warnings, investors and industry watchers will be closely monitoring the developments surrounding these high-profile IPOs, particularly as Anthropic's valuation continues to spark debate. As the situation unfolds, it will be crucial to watch how the market responds to Burry's comments and whether they will have a significant impact on the valuation and IPO plans of these companies.
Sources
Back to AIPULSEN