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$SPCX is reversing despite SpaceX delivering an earnings beat. With CoinDesk reporting 92% YoY revenue growth, it appears much of the bullish news had already been priced in before the release. The post-earnings pullback suggests traders were heavily positioned ahead of the announcement, leading to a classic "buy the rumor, sell the news" reaction. A strong report doesn't always translate into higher prices when expectations are already elevated #EarningsRealityCheck #SpaceXBeatEstimates .