Michael Burry Says SpaceX Isn't Worth $1 Trillion. Its AI Business Could Prove Him Wrong.
SpaceX has piled up some enormous AI computing contracts.
Overview
Before Space Exploration Technologies (NASDAQ: SPCX) went public in the largest debut in history at $1.8 trillion, Michael Burry of "The Big Short" fame argued that nothing in its IPO filing justified even a $1 trillion valuation.
Weeks later, he called the company a combination of a small space business, a niche telecom business, a struggling social media platform, and "CoreWeave-light," referring to the heavily indebted but fast-growing neocloud operator.
Details
Burry's message was clear: SpaceX's businesses didn't come close to supporting its valuation.
Source
Originally published at www.fool.com.
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