Michael Burry Blasts SpaceX’s $3T Valuation but Skips Out on Shorting It (SPCX:NASDAQ)

Michael Burry is 'tempted' to face Elon Musk's wrath, but says SpaceX put options aren't enticing enough for 'fundamentally a small space company'

Famed investor Michael Burry—of “The Big Short” fame—considered antagonizing the richest man on the planet over the IPO of his latest company.Burry said he had been tempted to bet against SpaceX, the rocket company owned by Tesla CEO Elon Musk.SpaceX went public last week and its stock has already gained more than 25%. The company’s valuation since then has soared close to $3 trillion, even overtaking Jeff Bezos’s Amazon at one point. But for ev…

Michael Burry blasts SpaceX’s $3T valuation but skips out on shorting It (SPCX:NASDAQ)

Michael Burry questions SpaceX’s $3T valuation but won’t short—put options are too pricey.

Michael Burry Describes SpaceX As A 'Small Space Company' And A 'Bedeviled' Telecom: Considered Betting A

Investor Michael Burry, best known for predicting the 2008 housing collapse, said Tuesday that he was tempted to bet against Elon Musk’s SpaceX (NASDAQ:SPCX) but decided against it, citing expensive put options and questioned the company’s $2.8 trillion valuation. “I am not involved with SpaceX now. Neither short nor, ahem, long,” Burry said in a post on Substack. Burry Reviews SpaceX Options Burry noted that a December 2028 put option with a $1…

Michael Burry stays out of SpaceX as post-IPO rally tests valuation limits

Michael Burry is not joining the rush into SpaceX, even after one of the most dramatic public-market debuts investors have seen. The investor made famous by “The Big Short” said in a Tuesday Substack post that he is staying out of Elon Musk’s rocket company for now, despite reviewing put options that would allow him to wager against the stock. His answer was blunt: “No thank you.” SpaceX went public last week in what the reference article descri…