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Michael Burry considered shorting SpaceX but found it unenticing

By PulseAugur Editorial · [1 sources] ·

Michael Burry, known for predicting the 2008 housing crisis, considered shorting Elon Musk's SpaceX but ultimately decided against it. Despite SpaceX's recent IPO and significant stock gains, Burry views the company as fundamentally a "small space company" with niche telecom and social media ventures, questioning its high valuation. SpaceX's financial filings reveal increasing losses alongside revenue growth, with a substantial portion of IPO capital already allocated to insiders and debt repayment. AI

RANK_REASON The article discusses an investor's opinion and potential actions regarding a company, rather than a direct release or significant industry event.

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Michael Burry considered shorting SpaceX but found it unenticing

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The article discusses an investor's opinion and potential actions regarding a company, rather than a direct release or significant industry event.
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opinion, funding
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Eleanor Pringle ·

    Michael Burry is ‘tempted’ to short Elon Musk’s SpaceX, but says it’s not enticing enough for ‘fundamentally a small space company’

    “I am not involved with SpaceX now. Neither short nor, ahem, long,” wrote Burry.

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