Michael Burry, the fund manager on whom the film The Big Short (2015) was based and who became famous (and wealthy) for anticipating the subprime mortgage crisis, published on his blog in December 2025 his conviction that Tesla, Elon Musk’s electric vehicle and energy company, had been “ridiculously overvalued for a long time.” In his view, the company’s value to investors was only being diluted over time, in part by the exorbitant compensation paid to Musk, which does not match Tesla’s actual profits. Tesla’s stock has risen 115% over the past five years despite never having paid a dividend since its debut on the market a decade ago. Nearly six months have passed, but Burry’s thesis remains intact. In recent remarks he echoed a market rumor that Musk would use SpaceX’s initial public offering to merge it with Tesla, which would further dilute the value of a company that is currently the ninth-largest in the world by market capitalization ($1.64 trillion).

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Last year Time magazine included Pope Leo XIV among the 100 most important figures in the world in artificial intelligence (AI). It is no coincidence. Only eight days passed from his papal appointment to his first public remarks on the technology: “Truth is never separated from charity... Thus, truth does not distance us, but rather allows us to face with greater vigor the challenges of our time, such as migration, the ethical use of artificial intelligence and the protection of our beloved Earth,” he said in his second official address. His first encyclical, Magnifica Humanitas (magnificent humanity), is devoted precisely to this technology.

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SpaceX, the company founded in 2002 by Elon Musk with the utopian dream of sending humans to Mars, became one of the world’s leading tech giants on Friday. The company, which specializes in launching rockets into space, communications satellites, and artificial intelligence, has made the biggest stock market debut in history. In the absence of an official listing, trading on the Nasdaq suggests a price of between $170 and $175 per share, up to 30% above the $135 at which the shares were sold. This valuation places the company at approximately $2.25 trillion, making it the sixth-largest company in the world by market capitalization. It was the largest initial public offering in history, ahead of Saudi oil giant Aramco’s 2019 debut, which raised about $29 billion.

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