CoinTelegraph
Michael Burry — the investor made famous by his prescient short against the 2008 housing market — has drawn a striking parallel between the upcoming IPOs of SpaceX, Anthropic, and OpenAI and the frenzy of the 2000 dot-com era. Burry suggested the three listings could collectively raise as much, or more, in inflation-adjusted terms than the roughly 300 internet and TMT IPOs that defined the peak of that cycle.
The comparison carries weight precisely because of who is making it. Burry's track record is built on identifying structural excess before markets reprice it — framing these three mega-listings alongside the dot-com wave is less a celebration than a caution flag for investors pricing in limitless AI upside.
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