SpaceX IPO：93%内部持股解锁压力不容忽视

EVERYONE IS LOOKING AT THE SPACEX DREAM.

I'm looking at the exit door.

Insiders still own roughly 93% of the company.

That's an enormous amount of paper wealth that will eventually seek liquidity.

This isn't a typical IPO.

It's one of the largest insider monetization events markets have ever seen.

IPO hype creates demand.

Unlocks create supply.

And supply always matters.

Right now, investors are focused on the story.

But stories don't absorb unlimited selling pressure.

The key question isn't whether SpaceX is a great company.

The key question is who will be buying when early holders start selling.

Everyone sees the rocket.

Smart money watches the exits.