Overview
- In posts on X and Substack, Michael Burry praised Elon Musk as “an American treasure” yet called him a “desperately incentivized futurist” who is “even earlier” in his predictions.
- Burry argued the market has largely priced in any potential combination of Musk’s companies and said their combined worth is under $1.6 trillion.
- Recent figures cited in coverage include Tesla at about $1.3 trillion in market value, SpaceX at roughly $800 billion from a December private share sale, and xAI at about $230 billion from a November fundraising round.
- He reiterated concerns that Musk’s milestone-based compensation through 2035 could continue to dilute Tesla shareholders, referencing targets tied to valuation, robotaxis, and robotics.
- Analysts have outlined strategic cases for folding xAI into SpaceX for space-based AI or into Tesla for FSD and robotics, and recent Nevada entity filings have added to speculation, though no merger has been confirmed.