Some observations re SpaceX (opens in new tab)

\"By Friday, however, the macro narratives were entirely overshadowed by the excitement of the SpaceX IPO\. It’s an IPO that will go down in history for a remarkable combination of reasons—from its sheer scale \($75 billion, almost three times the previous largest IPO\) and the $1\.8 trillion valuation \(which places it immediately, on day one, as the seventh-most-valuable US company\), to challenging the traditional playbook on investor allocation, price discovery, and fast-tracked index inc...