economy
Michael Burry says he's tempted to bet against SpaceX, but passes on expensive options
Burry argued the company's market capitalization had reached levels that dwarf many established businesses and fortunes.
TL;DR
- Michael Burry has no current position in SpaceX, neither long nor short.
- He found put options to bet against SpaceX too expensive, despite considering them.
- Burry questions SpaceX's market value, calling it a 'small space company' with limited revenue.
- He noted SpaceX's valuation surpasses that of Berkshire Hathaway and many industries.
- Burry previously warned investors to reduce exposure to surging tech stocks, comparing AI enthusiasm to the dot-com bubble.