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Burry Passes on SpaceX Short

Burry Passes on SpaceX Short

Published 21 hours ago
Description

Michael Burry, the genius who famously shorted the housing market before the crash, is now watching SpaceX with a wary eye—its valuation now exceeds entire nations. Despite seeing potential for a price drop, Burry passed on shorting it, citing the astronomical cost of betting against a stock that’s already soared. He’s waiting for SpaceX’s price to cool down before considering a move, underscoring his trademark caution: even the most hyped tech stocks can be too expensive to bet on—whether long or short.

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