Michael Burry said he currently has neither a long position nor a short position in SpaceX, citing what he described as prohibitively high shorting costs rather than a judgment about the company’s fundamentals. According to Odaily, Burry wrote that he views SpaceX as “a small aerospace company, a niche telecom operator, a troubled social media company, and a CoreWeave-light computing services provider.”
Burry added that SpaceX has annual revenue of less than $20 billion and a market valuation of about $3 trillion.
His comments came as SpaceX shares continued to rise after its listing. The stock gained 20% on its first trading day and rose more than 25% over the following week. Odaily reported that SpaceX’s market capitalization surpassed Berkshire Hathaway and entered the top five globally, behind Nvidia, Google, Apple, and Microsoft.
Michael Burry Says He Holds No Long or Short Position in SpaceX Due to High Shorting Costs
2026-06-17 10:44:20
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
