SPCX HAS A SUPPLY PROBLEM At IPO - only 5% of shares were available to trade Aug 11 - that number jumps to 25% overnight What does that mean? Four times more supply hitting the market in a single day. Early investors who've been sitting on gains since the IPO finally get their exit And they will use it Every unlock between August and November adds more pressure on top By Nov 9 - 60% of total supply is in circulation That's not bullish That's a wall of selling that needs to be absorbed Price cannot sustainably rise when supply keeps flooding the market This is why I expect significant downside before any real recovery(Gargoyle)