The Zhitong Finance App learned that hedge fund manager David Einhorn, who successfully shorted Lehman Brothers before the 2008 financial crisis and became famous, warned in a quarterly letter to investors that the space exploration technology company SpaceX (SPCX.US)'s sensational initial public offering (IPO) may be remembered by the market in the future as a warning sign that the stock market is approaching a speculative peak.

The Zhitong Finance App learned that hedge fund manager David Einhorn, who successfully shorted Lehman Brothers before the 2008 financial crisis and became famous, warned in a quarterly letter to investors that the space exploration technology company SpaceX (SPCX.US)'s sensational initial public offering (IPO) may be remembered by the market in the future as a warning sign that the stock market is approaching a speculative peak.