Opinion: SpaceX, Anthropic, and OpenAI's valuations are "extreme," and the market needs more profit validation to support them

Deep Tide TechFlow News, on June 09, according to a CNBC report, Stephen Davies, founder and CEO of Javelin Wealth Management, said that the current market enthusiasm for investing in SpaceX, Anthropic, and OpenAI has significantly outpaced fundamentals—these companies’ valuations already factor in a substantial portion of future growth expectations in advance. While artificial intelligence has real-world application scenarios and long-term value, the market still needs clearer proof of profitability; in the absence of stable profitability evidence, there is a risk that valuations of AI-related assets could expand in an overly optimistic way.

Regarding SpaceX, Stephen Davies believes the company still needs to establish a stronger record of commercialization and market performance before it can become a core allocation target within his investment portfolio. Overall, the valuation levels of some high-growth technology assets have moved into a “somewhat extreme” range, and investors should pay closer attention to actual profit support.