Svmuu News: Michael Burry, who gained fame for successfully shorting the U.S. subprime mortgage market, stated that he currently holds neither a long nor a short position in SpaceX. The primary reason for this is not based on an assessment of the company’s fundamentals, but rather on the fact that the cost of shorting the stock is currently at an unaffordable high.In an article, Burry pointed out that SpaceX is essentially “a small aerospace company, a niche telecommunications operator, a troubled social media company, and a CoreWeave-light-style computing power provider,” with annual revenue of less than $20 billion yet a market valuation of approximately $3 trillion.These remarks came as SpaceX’s stock price continued to rise following its IPO. The company’s stock rose 20% on its first day of trading and gained more than 25% over the following week. Its market capitalization not only surpassed that of Berkshire Hathaway but also placed it among the top five global companies by market capitalization, trailing only NVIDIA, Google, Apple, and Microsoft.