Michael Burry Criticizes Valuations of SpaceX, Nvidia, and Anthropic Michael Burry, renowned investor and forecaster of the 2008 housing crash, has expressed skepticism over the valuations of major companies like SpaceX, Nvidia, and Anthropic.
In a recent Substack post, Burry revealed that he has no position in SpaceX, despite reviewing bearish options trades tied to the company. He explained that put options against SpaceX were prohibitively expensive and questioned the company's nearly $3 trillion valuation.
"I am not involved with SpaceX now. Neither short nor, ahem, long," he wrote, noting that while shorter-dated contracts tempted him, he ultimately decided against them.
Burry described SpaceX as "fundamentally a small space company, a niche telecom, a bedeviled social media company, and a Coreweave-light," pointing out that it generates less than $20 billion in annual revenue.
He argued that its market capitalization far exceeds established businesses and even national economies, remarking that SpaceX is now valued higher than Warren Buffett’s Berkshire Hathaway.
"Berkshire Hathaway has been eclipsed 2 1/2 times over in just three days," Burry said, calling the scale of investor enthusiasm excessive.
The investor also reiterated his view that Nvidia is "over-valued," aligning this stance with broader warnings about AI-driven stock rallies.
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