SpaceX already 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 why Michael Burry's warning of late has such weight. Not only is ******* eX (SPCX) overpriced, he says, but the bearish trade may also be as dangerous as the bullish transaction.
"I am not involved with ******* eX now. Neither short nor, ahem, long," Burry wrote, according to Fortune.