Michael Bury stated that he does not hold any shares in SpaceX and believes that its $3 trillion market value is too high, but the cost of short selling options is too high. Michael Bury pointed out that the exercise price of a put option with a strike price of $100 and a maturity date of December 2028 is about $25, while the stock price is about $212. The contract price expiring in June 2027 is approximately $13, and the contract price expiring in December 2026 is approximately $6.75. Michael Bury believes that if the SPCX index stabilizes in the mid $200 range, the volatility of put option chains will decrease.