Woofun AI reports that Michael Burry, renowned for his successful short of the U.S. real estate market, reiterated his skepticism regarding SpaceX's nearly $3 trillion valuation. Despite his bearish stance on the company's worth, Burry disclosed that he currently holds no shares of SpaceX and has refrained from purchasing put options due to prohibitive pricing.

Burry highlighted that put options with a $100 strike price expiring in December 2028 are trading at approximately $25 per contract, while the underlying stock trades near $212. Shorter-dated contracts also carry significant premiums, with June 2027 puts at $13 and December 2026 puts at $6.75. He noted that he was 'tempted' to act but ultimately decided against it, suggesting that a stabilization of the SPCX index in the mid-$200 range could reduce volatility and make the put option chain more attractive.