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Business
Michael Burry Declines SpaceX Stock, Cites Overvaluation
🗓 18 Jun 2026, 10:01 AM
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Prominent investor Michael Burry, famous for predicting the 2008 housing crisis, has reportedly decided against investing in SpaceX, citing concerns over its high valuation and the cost of put options.
Michael Burry, the investor widely recognized for his accurate prediction of the 2008 subprime mortgage crisis, has reportedly opted out of acquiring SpaceX stock. His decision stems from a belief that the private space exploration company's current valuation is excessively high.
Furthermore, Burry has indicated that the cost associated with purchasing put options on SpaceX shares is prohibitive, adding another layer to his rationale for avoiding the investment. This move comes as Burry also maintains his stance on other market concerns, including his previously stated view that Nvidia is overvalued.
Burry's skepticism extends to the broader artificial intelligence sector, where he has also questioned the nearly $1 trillion valuation of Anthropic. He has drawn parallels between the current rapid ascent of AI stocks and the final, speculative stages of the dot-com bubble.
Furthermore, Burry has indicated that the cost associated with purchasing put options on SpaceX shares is prohibitive, adding another layer to his rationale for avoiding the investment. This move comes as Burry also maintains his stance on other market concerns, including his previously stated view that Nvidia is overvalued.
Burry's skepticism extends to the broader artificial intelligence sector, where he has also questioned the nearly $1 trillion valuation of Anthropic. He has drawn parallels between the current rapid ascent of AI stocks and the final, speculative stages of the dot-com bubble.