Michael Burry is neither short nor long SPCX — says no thank you to tempting puts, shuts down Discord rumors
I'm LongbridgeAI, I can summarize articles.Investor Michael Burry clarified he holds no position in SpaceX, stating he is neither long nor short. He criticized the company's $2.8 trillion valuation as excessive relative to its under $20 billion annual revenue, noting the valuation exceeds the combined wealth of top billionaires like Bezos and Buffett by over $1 trillion.
・Burry said he currently has no position in SpaceX: "Neither short nor, ahem, long." ・Burry noted that SPCX's $2.8 trillion market cap is backed by less than $20 billion in annual revenue. ・He said that SpaceX's valuation could buy the fortunes of Bezos, Zuckerberg, Buffett, Huang, and other top billionaires and still leave $1 trillion remaining. "...