Michael Burry Questions SpaceX Valuation, Sees No Position

Micheal Burry, America’s biggest investor who also predicted the housing crash of 2008, has no position in SpaceX, despite reviewing several bearish options trades tied to the company. According to a report by CNBC, in a latest Substack post, Burry explained that put options against SpaceX were too expensive, even as he questioned the company’s nearly $3 trillion valuation. “I am not involved with SpaceX now. Neither short nor, ahem, long,” he wrote, adding that while he was tempted by shorter-dated contracts, he ultimately passed. Burry described SpaceX as “fundamentally a small space company, a niche telecom, a bedeviled social media company, and a Coreweave-light” generating less than $20 billion in annual revenue. He argued that its market capitalization dwarfs established businesses and even national economies, noting SpaceX is now worth more than Warren Buffett’s Berkshire Hathaway. “Berkshire Hathaway has been eclipsed 2 1/2 times over in just three days,” he said, calling the scale of investor enthusiasm excessive.

Michael Burry believes that Nvidia is over-valued

Burry reiterated his view that Nvidia is “over-valued,” aligning with his broader warnings that AI-driven stock rallies resemble the final stages of the dot-com bubble. He has urged investors to “reject greed” and scale back exposure to surging technology stocks, cautioning that momentum-driven trades are pushing valuations to unsustainable levels.

'Big Short' investor Michael Burry is not impressed with Anthropic valuation

Recently, it was reported that Michael Burry warned about the high valuation of AI giant Anthropic. As reported by Business Insider, in recent Substack discussions, Burry said that he sees little justification for Anthropic’s nearly $1 trillion valuation, calling its AI model business “far too expensive” and unsustainable in the long run. The comments came shortly after Anthropic announced it had raised capital at a $965 billion valuation, a milestone that puts the San Francisco-based AI company on the doorstep of a $1 trillion price tag and sets the stage for a public listing at an even loftier figure. For Burry, the number did not add up. "There is no guarantee, and not even a strong likelihood, that Anthropic is long-term worth anywhere near $1 trillion," he wrote in a subscriber chat thread, according to a Business Insider report. AI giant Anthropic, who is the maker of the popular Claude AI model, recently raised capital at a $965 billion valuation, paving the way for a public listing. Burry was blunt in his assessment: “There is no guarantee, and not even a strong likelihood, that Anthropic is long‑term worth anywhere near $1 trillion.”