SPCX is a good reminder that supply dynamics can matter just as much as the story behind an asset.
The September 10 employee unlock represents roughly 7%, taking cumulative unlocked circulation to around 22%.
More shares are expected to enter circulation through September, October and after Q3 earnings.
But an unlock doesn’t automatically mean bearish.
What matters is how much actually gets sold, the available liquidity and how investors are positioned around those dates.
That’s why I’ll be watching SPCX closely as more supply comes into the market.
#SPCX #SpaceX
The September 10 employee unlock represents roughly 7%, taking cumulative unlocked circulation to around 22%.
More shares are expected to enter circulation through September, October and after Q3 earnings.
But an unlock doesn’t automatically mean bearish.
What matters is how much actually gets sold, the available liquidity and how investors are positioned around those dates.
That’s why I’ll be watching SPCX closely as more supply comes into the market.
#SPCX #SpaceX
