Regarding SPCX , I mentioned on July 13:
"The real selling pressure hasn't even started yet because the IPO lock-up period hasn't expired. Insider shares will be released in stages."

At that time, SPCX was trading around $145.

Now, SPCX is trading near $108, and many investors became optimistic after the August 4 earnings report, believing that the bottom may have been formed.
However, I don't think the selling pressure is over yet.


My Reasoning:
🔘Approximately 911 million shares of SPCX will become unlocked on August 6.
At the current price level, this represents roughly $100 billion worth of potential supply looking for buyers.

🔘The August 4 earnings report was not disappointing. In fact, the numbers looked quite strong.
But when a strong earnings report fails to push the stock back above $130, the market is sending us an important signal:

The upside momentum is still not strong enough.

I am still holding the same view I shared on July 13:
" SPCX has the potential to become one of the biggest opportunities of the year.
But the risk of further downside is very real, which is why I don't think now is the right time to build a position."


My Trading Plan:

Currently, my limit buy orders are placed at:
· $102 (Avoid Missing the Move)
· $95–80 accumulation zone

If price reaches my first entry level, I will initially build 20% of my intended SPCX allocation.
If price continues lower and consolidates within the $95–80 range, I will continue accumulating another 40% position.
The remaining 40% will only be deployed after we see clearer signs of strength and a confirmed reversal structure.
I will update my Idea when the market gives a better confirmation.

I still believe in the long-term potential of $SPCX!






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