The investor said he has neither a long nor short position in SpaceX, arguing short exposure is unattractive because borrowing costs are prohibitive despite his critical view of the company’s valuation.
Michael Burry said he currently holds neither a long nor a short position in SpaceX, maintaining that the obstacle is not the company’s fundamentals but the high cost of betting against it. Earlier, he had said bearish put options were too expensive, citing a December 2028 $100 put near $25 while SpaceX traded around $212, alongside June 2027 and December 2026 puts at roughly $13 and $6.75. Burry described SpaceX as a small aerospace company, a niche telecom operator, a troubled social media company and a CoreWeave-light computing provider, and said the business generates less than $20 billion in annual revenue against an implied valuation of about $3 trillion.