The Big Short's Burry: Wants to Short SpaceX But Options Are Too Costly, Has Established No Long or Short Positions

Odaily Michael Burry, famed for successfully shorting the US subprime mortgage market, stated that he currently holds neither a long nor a short position in SpaceX. The primary reason, he noted, is not based on his assessment of the company's fundamentals, but rather the prohibitively high cost of shorting. Burry wrote that SpaceX is essentially "a small aerospace company, a niche telecom operator, a troubled social media company, and a CoreWeave-light computing service provider," with annual revenue under $20 billion yet commanding a market valuation of approximately $3 trillion. These remarks come as SpaceX's stock price has continued to rise since its listing. The company surged 20% on its first trading day and has accumulated gains of over 25% in the following week, surpassing Berkshire Hathaway in market capitalization to rank among the top five globally, trailing only Nvidia, Google, Apple, and Microsoft.