"The Big Short" Michael Burry Questions SpaceX Valuation Again, But Has Not Bought Put Options Yet

BlockBeats News, June 17th - Michael Burry, the original inspiration behind "The Big Short" known for successfully shorting the U.S. real estate market, stated yesterday that he does not own any shares of SpaceX. He believes that even though he has doubts about the company's nearly $3 trillion valuation, the options for shorting the stock are still too expensive.

Burry noted that the price of a put option contract with a strike price of $100 expiring in December 2028 is around $25 per contract, while the stock is trading at around $212. A similar contract expiring in June 2027 is priced at around $13 per contract, and a put option contract expiring in December 2026 is priced at around $6.75 per contract. "I was quite tempted, but decided against it. If I'm lucky, the SPCX index will stabilize around $200, reducing the volatility of the put option chain."