Michael Burry disclosed that he examined short‑selling SpaceX shares through put options but ultimately rejected the trade.
Option Pricing Details
He reviewed a $100‑strike put expiring December 2028 that traded at roughly $25 per contract while SpaceX’s share price hovered near $212. A nearer‑term contract set to expire in June 2027 cost about $13, and a December 2026 put was priced at $6.75. Burry described the premium on the shorter‑dated option as “tempting, but no thank you.”
Valuation Skepticism
Burry emphasized that he holds no position—neither long nor short—in SpaceX, yet he doubts the company’s $3 trillion market valuation that surfaced after its public debut. He characterized SpaceX as a modest space‑launch firm, a niche telecom player, a troubled social‑media venture, and a Coreweave‑light operation generating under $20 billion in annual revenue.
Market Comparison
According to Burry, SpaceX’s market cap now exceeds Warren Buffett’s Berkshire Hathaway by roughly two and a half times, a shift that occurred within three days of the company’s listing. The rapid escalation places SpaceX among