$SPCX The increased supply pressure isn’t over yet!
On the 20th, the release of 320 million shares is not the final batch. With 73% of SpaceX’s 180-day locked shares—about 3.4 billion shares—still scheduled to be gradually released between September 10 and December 8, the release will translate into potential selling pressure and price pressure. As of now, 130 is acting as a strong support level. From the hourly-chart level, the trend is upward, and overall market news sentiment is relatively favorable. Recently, SpaceX completed the acquisition of Anysphere (Cursor). The deal implies a valuation of about $60 billion, and it will issue about 389 million shares of Class A common stock to Cursor’s shareholders. In addition, roughly 1.75 million shares are allocated for already vested RSUs.
With trading oscillating in the 130–140 range, the next question is whether there’s sufficient capital ready to take over; otherwise it will be hard to break out of the range. This isn’t simply a straightforward long-versus-short battle anymore. It’s a contest between “AI growth expectations” and “a massive wave of unlock supply.” The supply pressure has not finished.
After this, Brother Qiu will keep an eye on the ability of funds to absorb the supply and the latest market updates. If there’s a suitable entry position, he will let everyone know. For those trading short-term, you can come to the chat room to find Brother Qiu now! #Solana启动治理投票拟通缩率翻倍
On the 20th, the release of 320 million shares is not the final batch. With 73% of SpaceX’s 180-day locked shares—about 3.4 billion shares—still scheduled to be gradually released between September 10 and December 8, the release will translate into potential selling pressure and price pressure. As of now, 130 is acting as a strong support level. From the hourly-chart level, the trend is upward, and overall market news sentiment is relatively favorable. Recently, SpaceX completed the acquisition of Anysphere (Cursor). The deal implies a valuation of about $60 billion, and it will issue about 389 million shares of Class A common stock to Cursor’s shareholders. In addition, roughly 1.75 million shares are allocated for already vested RSUs.
With trading oscillating in the 130–140 range, the next question is whether there’s sufficient capital ready to take over; otherwise it will be hard to break out of the range. This isn’t simply a straightforward long-versus-short battle anymore. It’s a contest between “AI growth expectations” and “a massive wave of unlock supply.” The supply pressure has not finished.
After this, Brother Qiu will keep an eye on the ability of funds to absorb the supply and the latest market updates. If there’s a suitable entry position, he will let everyone know. For those trading short-term, you can come to the chat room to find Brother Qiu now! #Solana启动治理投票拟通缩率翻倍
