Cathie Wood Bought SpaceX Stock as Michael Burry Piled Into Palantir Puts. Here's What Each Bet Is Actually Pricing In.
Key PointsCathie Wood believes that SpaceX will play a large role in many areas in the coming years, making its stock a good buy now.
Cathie Wood, the CEO of Ark Invest, has invested in SpaceX stock despite its high valuation. Wood is known for her belief in the long-term potential of businesses, even if their current market prices are astronomical.
On the other hand, Michael Burry, who gained fame for his short position on the subprime mortgage bond market during the 2008 financial crisis, has purchased Palantir puts. Burry is known for betting against assets he views as overvalued by purchasing put options.
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