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SPCX 3rd lockup absorbed (Sept 9 close): ~319M insider shares (~$47.2B, ~7% float) unlocked today; first two unlocks (Aug 6, Aug 20) were absorbed too. Dipped to $145.72 intraday, closed $147.15 — the $145-146 double-test held (Tue low $145.19). Marginal buyer looks passive: Nasdaq-100 rebalance ~$15.5B (JPMorgan) into 9/18 close. Close below ~$145 → $140/$135 IPO zone. Structure over direction.

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