Peter Thiel-Backed Stock Crashes 50% After ‘Superhuman Sports’ Dream Collapsed
Shares of Enhanced Group (ENHA), the corporate behind the Peter Thiel-backed Enhanced Games, fell by as a lot as half on Tuesday after a six-hour Las Vegas debut produced just one unofficial world file.
The startup went public this month at a $1.2 billion valuation and has now shed tons of of thousands and thousands in market worth over the previous three weeks.
Vegas Debut Delivers One Record
The Enhanced Games held a single-night competitors on May 24 at Resorts World Las Vegas, paying out a $25 million purse.
Roughly 42 athletes competed, with the corporate’s personal monitoring information displaying 91% used testosterone, 79% used human progress hormone, and 62% used stimulants like Adderall & modafinil forward of the occasion.
“Peter Thiel and Donald Trump Jr. spent thousands and thousands to create a steroid Olympics. They promised to “redefine human limits” and put up $25M in prize cash…the entire pitch was that medication would shatter the boundaries of unpolluted sport. Instead, they proved the hole between juiced and clear…the one factor they really proved was how good the clear athletes already are. You suppose the Enhanced Games uncovered something or simply embarrassed themselves?” one researcher posed.
Only one unofficial world file fell. Greek swimmer Kristian Gkolomeev clocked 20.81 seconds within the males’s 50-meter freestyle, beating Cameron McEvoy’s 20.88-second mark and incomes a $1 million bonus.
Sprinter Fred Kerley, who had predicted Usain Bolt’s 9.58-second 100-meter mark can be “destroyed,” gained in 9.97 seconds, a time that will not have certified for the Paris Olympics last.
Clean athletes, together with Olympic gold medalist Hunter Armstrong, took three occasions outright.
Silicon Valley Loses to Biology
After closing at $5.36 on Friday, ENHA opened close to $2.67 on Tuesday, a roughly 50% intraday slide that worn out near $800 million in market worth.
Market cap has fallen from $981 million on May 7 to roughly $655 million.
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The setup echoes one other current venture-backed spectacle. Per week earlier, Figure AI staged a 10-hour “Man vs. Machine” contest during which a human intern beat its F.03 humanoid robotic 12,924 packages to 12,732.
When a single live-streamed proof level misses, the fairness story tends to unravel in hours, not quarters.
With backers like tech investor Peter Thiel traditionally fast to rotate out of stalling bets, ENHA’s path to a second occasion now relies on public-market endurance.
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