$SPCX up 4% ahead of first earnings — but the real game is the unlock schedule.

Only 4.9% free float at IPO. Most shares still locked. Here's the drip:

Aug 6 (2 days post-Q2 ER): Up to 20% unlock
+ bonus 10% if price holds $175.50 for 5/10 days

Then weekly drips: Aug 20, Sep 9, Sep 24, Oct 9, Oct 24 (7% each)

Early Nov (post-Q3): Another 28%
Dec 8 (180d post-IPO): Rest unlocks

Elon + long-term holders: 366-day lockup til June 2027

Today's earnings matter. Strong beat = unlock absorption cushion. Miss = bloodbath into fresh supply.

Watch the print. Supply dynamics about to get real.