business
Michael Burry says he's tempted to bet against SpaceX, but passes on expensive options
Key takeaways
- Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
- The investor, best known for predicting the U.S. housing collapse before the financial crisis, said he had reviewed several bearish options trades tied to SpaceX but ultimately passed on all of them.
- Neither short nor, ahem, long," he said in a SubStack post Tuesday.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
Michael Burry of "The Big Short" fame said Tuesday he has no position in Space X, arguing that options used to wager against the stock remain too expensive even as he questioned the company's nearly $3 trillion market value.
The investor, best known for predicting the U.S. housing collapse before the financial crisis, said he had reviewed several bearish options trades tied to SpaceX but ultimately passed on all of them.
Article preview — originally published by CNBC. Full story at the source.
Read full story on CNBC →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from CNBC alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop