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Famed investor Michael Burry\u2014of \u201cThe Big Short<\/em>\u201d fame\u2014considered antagonizing the richest man on the planet over the IPO of his latest company.<\/p>\n Burry said he had been tempted to bet against SpaceX, the rocket company owned by Tesla CEO Elon Musk.<\/p>\n SpaceX went public last week and its stock has already gained more than 25%. The company\u2019s valuation since then has soared close to $3 trillion, even overtaking Jeff Bezos\u2019s Amazon at one point.<\/p>\n But for every optimist backing Musk\u2019s bid to establish a human colony on Mars is an investor on Earth wondering if the plan will ever take off. Burry, in typical form, was open in asking that question. <\/p>\n In a Substack post, the analyst best known for predicting the housing crash before the 2008 financial crisis said he had reviewed a number of trading options for betting against Musk\u2019s company.<\/p>\n \u201cI am not involved with SpaceX now. Neither short nor, ahem, long,\u201d\u00a0Burry wrote Tuesday, per CNBC. Put options on the shorter end\u2014expiring in June 2027 for example\u2014cost roughly $13 with the stock trading at around $212, Burry reported. A put ending December 2026 was priced at around $6.75, he added.<\/p>\n Burry was \u201ctempted by that one. But no thank you,\u201d he wrote of the short option.<\/p>\n He isn\u2019t sold on the eye-watering valuation of Musk\u2019s latest venture, which he described as \u00a0\u201cfundamentally a small space company, a niche telecom, a bedeviled social media company, and a Coreweave-light.\u201d<\/p>\n Investors did get a chance to peek at the company\u2019s financials ahead of its IPO in the form of\u00a0an S-1 filing, which revealed that while revenue is up, so too are losses. As Fortune<\/em> previously reported, Space Exploration Technologies Corp (SpaceX) is growing at a steady clip\u2014full-year revenue of $18.7 billion in 2025 increased roughly 33% from $14.1 billion in 2024\u2014but its losses are also accelerating.<\/p>\n As of March 31, SpaceX has racked up an \u201caccumulated deficit\u201d of $41.3 billion, with a $4.27 billion net loss in Q1 of this year, compared to $528 million in the year-ago quarter.<\/p>\n Fortune<\/em> also reported on David Trainer\u2019s analysis from research firm New Constructs, which revealed that nearly 80% of the capital expected to be generated by the IPO was spoken for. From the S-1 filing, Trainer discovered that $62.8 billion (or 78%) of the forecasted $80 billion in capital was already dedicated to insiders and vendors. Specifically, SpaceX pledged to pay more than three-quarters of the proceeds to third parties, Valor Equity Partners (a large shareholder), Musk\u00a0X\u00a0Corp., and xAI investors for repayment of debt, and Echostar for \u201cthe Spectrum Acquisition Closing.\u201d<\/p>\n Musk is a notoriously busy man\u2014variously running EV manufacturer Tesla, launching SpaceX onto the market, helping oversee the running of social media company X, and managing a controversial stint in the Trump Administration last year\u2014but even then, he finds time to push back at those who move against him.<\/p>\n His feud with Microsoft co-founder Bill Gates is particularly well-known, and last year he revived a years-old argument with claims that Gates still held a \u201ccrazy\u201d short position against Tesla. <\/p>\n \u201cIf Gates hasn\u2019t fully closed out the crazy short position he has held against Tesla for ~8 years, he had better do so soon,\u201d said Musk in a\u00a0November post.<\/p>\n The bad blood began in 2022 when Gates reportedly shorted, or bet against, Tesla\u2019s stock to the tune of $500 million, earning him a text from Musk and \u201csuper mean\u201d behavior, Gates said in a later interview with Musk biographer Walter Isaacson. At the time, Musk asked Gates if he had taken a short position\u2014which he confirmed\u2014and added he wanted to work with the Tesla CEO on philanthropy. <\/p>\n Musk reportedly responded: \u201cSorry, I cannot take your philanthropy on climate change seriously when you have a massive short position against Tesla, the company doing the most to solve climate change.\u201d<\/p>\n Burry may, at some point, feel compelled to bet against SpaceX\u2014but Musk hasn\u2019t taken such slights lightly in the past.<\/p>\n<\/div>\n #Michael #Burry #tempted #bet #Elon #Musks #SpaceX<\/p>\n","protected":false},"excerpt":{"rendered":" Famed investor Michael Burry\u2014of \u201cThe Big Short\u201d fame\u2014considered antagonizing the richest man on the planet over the IPO of his latest company. Burry said he had been tempted to bet… <\/p>\n","protected":false},"author":1,"featured_media":7730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[157,4436,749,743,22,683,9985,3160,1843,9588,9986],"class_list":["post-7729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-bet","tag-burry","tag-elon","tag-elon-musk","tag-investment","tag-michael","tag-michael-burry","tag-musks","tag-spacex","tag-spacex-launch","tag-tempted"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/7729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7729"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/7729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/7730"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\nA bet against Musk<\/h2>\n