Michael Burry evaluates put options against SpaceX but opts not to bet against the company’s $3 trillion market cap.
Michael Burry, known for forecasting the 2008 housing crash, has scrutinized SpaceX’s $3 trillion valuation and considered shorting the company. He explored put options but ultimately decided against taking a position despite skepticism over the valuation.
SpaceX’s private market valuation surged after reports suggested Elon Musk briefly became the world’s first trillionaire following its stock-market debut plans. Burry examined put options with a $100 strike price expiring in December, a common strategy to profit from a stock decline.
No immediate market reaction was reported, as SpaceX remains privately held and options activity is limited to over-the-counter trades.