Michael Burry Avoids Shorting SpaceX Due to High Options Prices
Michael Burry, known for his accurate market predictions like the 2008 housing crisis, is not taking a position in newly public SpaceX (SPCX) due to expensive options pricing. Despite SPCX's strong debut and valuation near $3 trillion, Burry highlights its relatively low revenue of under $20 billion as concerning.
Topics: Michael Burry options pricing SpaceX stock valuation