June 2, 2026
Bubble Burry Strikes Again
Michael Burry says neither SpaceX nor Anthropic is worth $1T
Big Short legend crashes the hype party as commenters roast, cheer, and meme the bubble
TLDR: Michael Burry says SpaceX and Anthropic aren’t worth anything close to $1 trillion, throwing cold water on two of tech’s biggest money stories. Commenters are split between mocking him as a one-hit doom prophet and admitting he may be right eventually — just possibly too early to matter.
Michael Burry — the investor made famous by The Big Short — has lobbed a giant wet blanket onto two of tech’s hottest names: Elon Musk’s SpaceX and AI darling Anthropic. Burry says SpaceX’s public filing doesn’t come close to justifying a $1 trillion to $2 trillion price tag, and he’s even more savage on Anthropic, joking he’d need 240,000 years to count to a trillion before reconsidering paying that much. That line alone practically begged the internet to turn this into a circus.
And the comments absolutely delivered. One camp treated Burry like the market’s grumpy hall monitor, with one brutally simple jab stealing the show: “bro was right ONCE and now every tweet is a headline.” Ouch. Another group said the real issue is that markets don’t run on common sense anymore — they run on hype, momentum, and vibes, so being “correct” too early can still lose you a fortune. In other words: sure, maybe it’s a bubble, but good luck surviving long enough to prove it.
Then came the split over AI itself. Some mocked the growing army of AI skeptics as people building entire personalities around waiting for a crash. Others fired back that Claude, Anthropic’s chatbot, could genuinely become a must-have work tool for hundreds of millions of office workers, making the trillion-dollar dream less insane than it sounds. The result? A full-on comments-section food fight: is Burry a prophet again, or just the internet’s favorite professional buzzkill?
Key Points
- •Michael Burry said on Substack that he doubts SpaceX and Anthropic justify valuations near or above $1 trillion.
- •SpaceX’s May 20 S-1 reported $18.7 billion in revenue and a $4.9 billion net loss last year, according to the article.
- •The article says SpaceX is widely reported to be targeting a valuation of about $2 trillion as a public company.
- •Anthropic recently raised capital at a $965 billion valuation, which the article says could precede a higher public-market valuation.
- •Burry argued that AI model development is too compute-intensive and that current demand for computing power may be a temporary, misleading signal leading to overbuilding.