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Burry Passes on SpaceX Short
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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