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

June 17 — Michael Burry, the legendary investor who inspired *The Big Short* for his prescient bet against the U.S. housing market ahead of the 2008 crash, said yesterday he does not hold any shares of SpaceX. Even as he questions the aerospace firm’s sky-high nearly $3 trillion valuation, Burry noted that shorting the stock remains prohibitively expensive. Burry laid out the cost of key put options to illustrate: Contracts with a $100 strike price expiring in December 2028 trade at roughly $25 apiece, while SpaceX stock is changing hands at about $212. A comparable put option set to expire in June 2027 costs around $13 per contract, and a December 2026 put goes for $6.75. He added he was tempted to pull the trigger on a position, but ultimately decided against it. His best-case scenario? If the SPCX index stabilizes around the mid-$200 range, it would lower volatility across the entire put option chain.