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$SPCX facing its biggest test since listing. Stock down over 40% from the post-IPO peak, trading near $108-123 as the first earnings report and a massive share unlock line up back to back. Q2 earnings drop August 4, then two trading days later on August 6, roughly 911.5M shares worth close to $116B become tradable, the largest lockup unlock in market history. A second, bigger tranche follows Q3 earnings, with the full schedule wrapping by December. Elon Musk's own stake stays locked until mid-2027, so this wave is all early investors and employees deciding whether to cash out. Fundamentals are split: Starlink is printing strong growth and real profit, but the AI segment and core launch business are both bleeding cash. That gap between the growth story and the current losses is exactly why volatility is expected to spike into the event. $108 support has held so far, does it hold through the unlock, or does the supply wave finally break it? #OKXOrbit #SPCX