SpaceX IPO Lock-Up Period: A Golden Buying Opportunity or a Liquidity Trap?

SpaceX stock has returned to near its IPO price after an initial surge and subsequent decline. Unlike typical 180-day lockup periods, SpaceX insiders can begin selling shares in waves starting within two months, with up to 83% of non-Musk-controlled shares potentially available for sale by Q3 earnings. The author argues this creates a 'liquidity trap' where insiders use retail investor demand as an exit opportunity.