Michael Burry is ‘tempted’ to short Elon Musk’s SpaceX, but says it’s not enticing enough for ‘fundamentally a small space company’

Famed investor Michael Burry—of “The Big Short” fame—considered antagonizing the richest man on the planet over the IPO of his latest company.Burry said he had been tempted to bet against SpaceX, the rocket company owned by Tesla CEO Elon Musk.SpaceX went public last week and its stock has already gained more than 25%. The company’s valuation since then has soared close to $3 trillion, even overtaking Jeff Bezos’s Amazon at one point.

But for every optimist backing Musk’s bid to establish a human colony on Mars is an investor on Earth wondering if the plan will ever take off. Burry, in typical form, was open in asking that question.

In a Substack post, the analyst best known for predicting the housing crash before the 2008 financial crisis said he had reviewed a number of trading options for betting against Musk’s company.

“I am not involved with SpaceX now. Neither short nor, ahem, long,” Burry wrote Tuesday, per CNBC. Put options on the shorter end—expiring in June 2027 for example—cost roughly $13 with the stock trading at around $212, Burry reported. A put ending December 2026 was priced at........

© Fortune