The big short is now targeting SpaceX and Anthropic. A $1 trillion valuation is indeed a bit sci-fi.

On June 1, BlockBeats reported that the well-known short seller Michael Burry cast doubt on the excessive valuations of SpaceX and Anthropic, arguing that the long-term value of the two companies is unlikely to justify a valuation above $1 trillion. He noted that SpaceX’s IPO prospectus has not yet shown a reasonable basis for such a high figure; in 2025, revenue is $18.7 billion and net losses are $4.9 billion, while the market broadly expects about $2 trillion. As for Anthropic, Burry questioned its model of building value by stacking computational power, saying that overcapacity may arise in the future and that the likelihood of the long-term value reaching $1 trillion is also low, joking that he needs to count to a trillion before considering it.