WARNING: SpaceX IPO could become one of the biggest liquidity drains ever. Expected valuation: ~$2 trillion. Most people see the hype. Few see where the money comes from. Money doesn’t appear out of thin air. If investors want exposure to $SPCX, they will have to sell what they already own: • Stocks • Crypto • High-beta tech • Other risk assets That’s a liquidity drain. This isn’t just another IPO. It could be one of the largest capital rotations markets have ever seen. When something this big lists, money has to come from somewhere. Reportedly, insiders own ~95% of SpaceX. Public float could be only ~5%. That creates a major supply-demand imbalance. The bigger question: What happens when insider shares become eligible to sell? New demand enters. Then new supply follows. Possible chain reaction: → Investors sell existing assets to buy $SPCX → Liquidity leaves stocks and crypto → Insider selling increases supply → Retail chases the hype Most markets aren’t focused on this yet. But if SpaceX lists anywhere near a $2T valuation, liquidity could become the main story. This is something worth watching closely. Follow and turn on notifications if you don’t want to miss what happens next.