Subject: Re: SpaceX
Current price after hours $215.79 at I type. Issue price $135, so it's up $80.79 per share. 3.09 bn shares outstanding.

So SpaceX's market cap has gone up the same amount in two days (a little over a trillion dollars in each case) as Berkshire's entire market cap, despite having started from a nosebleed level. Good for them.

The bullish view: the higher the price goes, the better the earnings yield. Losses (for now) mean a negative earnings yield, so a bigger market cap makes for a lower loss rate percentage.

For anyone interested in such things, I gather that options on SPCX will be listed tomorrow, Tuesday the 16th.

Jim