Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-06-22T01:03:00.000Z
SpaceXalready nailed its first test stock market test. The tough question is whether investors can detach the stock from the company. Elon Musk’s rocket, satellite, and artificial intelligence company has become one of the most controversial new listings on the market after a record-breaking initial public offering and rapid ascent. The company’s story is huge. Its valuation may be even bigger. That’s whyMichael Burry’s warning of late has such weight. Not only isSpaceX (SPCX)overpriced, he says, but the bearish trade may also be as dangerous as the bullish transaction. “I am not involved with SpaceX now. Neither short nor, ahem, long,” Burry wrote, according toFortune. The secret message in Burry’s SpaceX comments isn’t that a famous skeptic believes a hot stock seems expensive. The more
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