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May 27, 2026 12:10 PM

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

Michael Burry is drawing a sharp comparison between today's private-market giants and one of the most infamous speculative peaks in market history: the dot-com bubble.

DXYZ stock is down. See the chart and price action here.

In a Wednesday morning post on X, Burry said that, adjusted for inflation, potential IPOs from SpaceX, Anthropic and OpenAI could raise as much or more capital than roughly 300 internet and technology, media and telecom IPOs did in 2000.

Adjusted for inflation, the SpaceX, Anthropic and OpenAI IPOS will raise as much or more than the 300 internet and TMT IPOs did in 2000. $SPCX #Anthropic #chatGPT #SpaceX #openai pic.twitter.com/8hM8g1zxlw

— Cassandra Unchained (@michaeljburry) May 27, 2026

He also attached an image to his post showing a "National IPO Market Review" from the dot-com era, highlighting the intensity of the 2000 IPO boom and the sudden deterioration that followed as investor appetite for technology stocks collapsed.

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