Have you noticed how much this year’s SpaceX is like PetroChina, which went public in 2007? It hit its peak right after listing, and then spent the next 10+ years sliding downward all the way. Back then, the most widely circulated joke was: “Tell me, how many sorrows can you have—just like being fully loaded with PetroChina.” Some ancient crypto gods also believed SpaceX would be the next PetroChina, and shorting on rallies might be the most fun way out.

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