SpaceX lockup schedule is the real story everyone's ignoring.

August starts the bleeding. Next year? 46% of shares unlock in ONE day — including Elon's stake.

Does this mean insiders dump everything? No. Plenty of true believers at SpaceX. But thousands of engineers and mechanics just became millionaires overnight. They're going to diversify. That's not bearish — it's rational.

This is how IPOs work. Story becomes business. Hype becomes earnings. Supply increases. Volatility follows.

$SPCX already gave back most of its pop. More chop ahead as expectations meet reality.

Long-term opportunity isn't broken. But the path from IPO excitement to real valuation is never a straight line.

If you believe SpaceX becomes the next $AMZN or $GOOGL, be patient. Dollar-cost average over years. Take advantage of pullbacks. Don't chase the story at any price.

Great companies often make terrible entry points right after IPO. Wait for the mess to settle.