Michael Burry evaluates put options on SpaceX but opts against betting against the company despite skepticism over its valuation.
Michael Burry, known for predicting the 2008 housing crash, has expressed skepticism about SpaceX’s $3 trillion market valuation. The investor examined put options to bet against the company but ultimately decided against it.
SpaceX’s stock debuted at $190-$200 per share on June 12. Burry noted put options with a $100 strike price expiring in December 2028 traded at $25, while shorter-dated contracts were priced at $13 and $6.75. He suggested SpaceX stock could settle in the mid-$200s.
Despite his doubts, Burry declined to take a position, citing the risks involved. His comments highlight growing scrutiny of SpaceX’s valuation amid its public market entry.