Michael Burry Was Tempted to Short SpaceX but Balked at Expensive Options

Michael Burry — the investor who became famous for shorting the US mortgage securities market ahead of the 2008 crisis — publicly expressed his desire to bet against SpaceX following the company's massive IPO. According to him, the valuation of the Starship operator has surpassed levels justified by actual financial performance and rivals the fortunes of the world's largest industrial corporations. Burry called the company's valuation 'dizzying,' but acknowledged that the market price of put options on SpaceX shares made the trade economically impractical. The statement drew widespread attention, marking rare public skepticism toward one of the most-discussed assets of 2026. Analysts suggest that even Burry's decision to pass on the trade may serve as an indirect warning for overly optimistic investors.