"Big Short" Michael Burry slams SpaceX for not supporting a trillion-dollar valuation, harshly criticizes Anthropic's compute frenzy as a false illusion

Legendary Short Seller Strikes Again!
The protagonist of the movie "The Big Short," Michael Burry, recently publicly criticized SpaceX and Anthropic's "trillion-dollar valuations" as bubbles.
Burry harshly criticized SpaceX's recently filed S-1 prospectus, claiming it is completely worth less than 1 trillion dollars, and future gains are purely speculative;
Regarding Anthropic, whose valuation approaches 1 trillion dollars, he warned that AI computing power will eventually be "commoditized," and the current market hype is all "false demand signals."
He even sarcastically said: Before spending 1 trillion dollars to buy Anthropic, he would rather spend 240k years counting digital numbers first.
(Background: Short seller Burry warns that the NASDAQ's P/E ratio of 43 times is a "bet on semiconductor stocks falling 30%": like being minutes before a car crash, similar to the .com bubble about to burst)
(Additional background: In "The Big Short," Burry liquidated all his GameStop holdings and angrily criticized eBay's $56 billion acquisition as "over-leveraged and insufficient interest coverage")

Table of Contents

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• Criticizes SpaceX financials: stock price rise is purely "hype"
• Blasts AI bubble: demand for computing power is "false signals," will eventually be commoditized
• "After I count for 240k years, I’ll consider spending 1 trillion to buy it"

Michael Burry, known for accurately predicting the 2008 subprime mortgage crisis and the real-life protagonist of the movie "The Big Short," once again poured cold water on the current tech market’s "trillion-dollar frenzy."

According to a report by Business Insider on June 1, 2026, Burry, in his exclusive Substack subscriber chatroom, bluntly criticized the two tech giants about to go public — SpaceX and Anthropic — believing both are seriously overvalued by the market.

Criticizes SpaceX financials: stock price rise is purely "hype"

SpaceX, the space exploration giant, officially filed its IPO prospectus (S-1) on May 20. Data shows that last year, the company’s revenue reached $18.7 billion, but net losses also hit $4.9 billion.
Despite this, the market’s valuation expectation for its IPO remains an astonishing $2 trillion.

In response, Burry openly stated in his chatroom last Saturday: "Any future rise will be based solely on hype and technical factors.
Careful examination of that S-1 shows, you can't see anywhere it’s worth 1 trillion dollars, let alone 2 trillion dollars."

Blasts AI bubble: demand for computing power is "false signals," will eventually be commoditized

Besides the aerospace industry, Burry also directed his fire at the hot AI darling, Anthropic. Last Thursday, Anthropic announced a new funding round with a sky-high valuation of $965 billion, paving the way for its future IPO.

Burry warns that there are no guarantees, and the long-term value of Anthropic approaching 1 trillion dollars is unlikely.
He harshly criticized the business models of such AI companies:

• Reliance on brute force: Developing cutting-edge AI models is too costly and overly dependent on hardware "brute force."
• Computing power will depreciate: In the long run, AI computing power will become "commoditized," losing its high-margin premium space, like early internet connections.
• False demand signals: He believes the current market’s frantic demand for computing power is just a "false demand signal."
  He asserts that the massive data centers and hardware orders being built now will face severe oversupply in a few years.

"After I count for 240k years, I’ll consider spending 1 trillion to buy it"

In his lengthy analysis, Burry also shows his signature dark humor.
He sarcastically said: If he were to spend 1 trillion dollars to buy Anthropic, he would start counting from 1, "and after counting for 240k years, I might reconsider."