Michael Burry Compares OpenAI, Anthropic, SpaceX IPO Hype To Dot-Com Bubble

Short-seller Michael Burry warned investors that hype around potential mega-IPOs from SpaceX, OpenAI and Anthropic resembles the dot‑com bubble, saying those three private companies could raise, inflation‑adjusted, as much capital as roughly 300 internet/TMT IPOs in 2000. His post flagged the risk that concentrated demand for private‑market AI and space exposure — and public proxies like Destiny Tech100 (DXYZ) and Microsoft — could create an overheating IPO wave. Market impact: Burry’s warning may cool speculative sentiment and prompt reassessment of valuations and proxy plays ahead of anticipated mega‑IPOs, increasing volatility for space/AI‑linked equities and ETFs as investors weigh price vs. fundamentals.