'Big Short' Michael Burry Questions SpaceX Valuation Again, But Hasn't Bought Put Options Yet

BlockBeats News, June 17 — Michael Burry, the investor and real-life inspiration behind *The Big Short* who gained fame for successfully shorting the U.S. housing market, stated yesterday that he does not hold any shares of SpaceX. He believes that even though he questions the company's nearly $3 trillion valuation, the options for shorting its stock are still too expensive. Burry noted that the price of a put option contract with a strike price of $100 and an expiration date of December 2028 is approximately $25 per contract, while the stock is trading at around $212. A similar contract expiring in June 2027 is priced at about $13 per contract, whereas a put option contract expiring in December 2026 costs around $6.75 per contract. 'I’m quite tempted, but I’ll pass for now. If luck is on my side, the SPCX index might stabilize in the mid-$200 range, which would reduce the volatility of the put option chain.' [Original Link]