this post was submitted on 19 Jul 2026
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SpaceX had a lot of investors looking to cash out post IPO. Try may have been prevented from cashing out during the IPO, but are now free to dump the stock.
The secondary hump going up is presumably SpaceX being entered in NASDAQ indexes, which they recently changed the rules for spacex and other AI companies. It's a direct drain on most retirement funds in the country, and another calculated move to steal from the middle class to give to ~~billionaires~~ a trillionaire
They arent free to dump yet. Thats still yet to come