Michael Burry, the investor made famous by the 2008 financial crisis trade, used X on Friday to blast Nasdaq’s proposed rule changes ahead of SpaceX‘s anticipated initial public offering (IPO).

“This is the most SHAMELESS structural manipulation of a major index I’ve ever seen,” Burry wrote.

His target: two specific rule proposals Nasdaq quietly floated in February that critics say were designed around a single company.

SpaceX, the Tesla Inc (NASDAQ:TSLA) CEO Elon Musk-led commercial spaceflight company, is reportedly targeting a $1.75 trillion valuation for what could be the largest IPO in history.

Reuters reported the company is leaning toward a Nasdaq listing, potentially as early as June. Musk appeared to confirm the $1.75 trillion figure on X on March 2.

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