SpaceX, OpenAI, Anthropic: Burry's 2000-Style IPO Warning | Stock Market

US IPOs raised a record $147.5 billion in the first three quarters of 2026, led by SpaceX, OpenAI and Anthropic, while Anthropic's filing shows a $693 million loss in six months. We use a Graham-Dodd lens to test Michael Burry's dot-com comparison and what it means for long-term investors right now.

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Chapters

(0:00) Deep Value Macro Notebook

(1:42) Current Capital Raise Spike

(3:01) IPO Mechanics and Dilution

(4:03) AI Mega-Deal Matrix

(7:08) Fundamental Funnel Analysis

(8:09) Feeding the Beast

(10:20) Market Freezes and Bottoms

(11:24) Current Capital Raise Spike

(12:25) Fundamental Funnel Analysis

(13:43) Deep Value Takeaway

(14:40) AI Mega-Deal Matrix

(15:44) Deep Value Takeaway

(18:46) Value Investing Tools

(19:14) Get the apps

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Deep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.

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Disclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.

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Original source

Michael Burry: The TRUTH About the Anthropic and OpenAI IPOs...