From shorting Lehman to warning about SpaceX (SPCX.US): Einhorn claims the IPO could signal a speculative market peak.

According to the Zhito Finance APP, David Einhorn, the hedge fund manager who gained fame for successfully shorting Lehman Brothers before the financial crisis of 2008, recently warned in his quarterly letter to investors that the highly publicized initial public offering (IPO) of Space Exploration Technologies Corp (SPCX.US) may be remembered by the market as a warning sign of the stock market nearing a speculative peak.