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Hook: SpaceX just reminded everyone of a painful truth: Wall Street doesn't pay for yesterday's success—it prices tomorrow's bill. Revenue almost doubled to $7.8 billion, yet the stock still fell around 10%. Why? Because investors aren't questioning growth anymore; they're questioning the cost of the next wave of AI and infrastructure expansion. Quarterly capital spending hit an eye-watering $18.4 billion. The message from the market is clear: growth is exciting, but growth at any price isn't. The Bitcoin narrative is also getting ahead of itself. SpaceX reported holding the same 18,712 BTC at the end of June that it held at the end of 2025. The value of that position dropped from $1.64 billion to $1.10 billion because Bitcoin's price fell—not because SpaceX sold its coins. And the upcoming share unlock? That's simply permission to sell, not proof that every shareholder is rushing for the exit. The bigger picture is straightforward: • Strong growth. • Massive spending. • More tradable shares entering the market. • Investors repricing risk. If capital is truly rotating into crypto, we'll see it in the data: stronger ETF inflows, Bitcoin outperforming equities, and improving liquidity. Until then, the simplest explanation is usually the right one. #DailyOrbit