I am tremendously excited about SpaceX, which comes public at the end of this week. There are many reasons for this:

• I’m a market addict, and this is one of the biggest financial events of our lives;
• The performance of this stock will have an outsized influence over the long-term trajectory of the Knight clan;
• There is a real possibility (although it’s being touted much too often for me to believe it) that the SPCX IPO will mark the ultimate top of this insane 18-year-old bull market

There are thousands of possible outcomes to SPCX on its IPO and even just the several trading days that follow, but I’d like to go on record with my worthless guess which is this: I believe it will open very late on Friday (after hours of everyone waiting) with a huge gain from its $135 offer price, and at the end of the day, it will be near its lows for the day, although it’ll still retain a meaningful pop from the IPO.

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