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This post is saying that $SPCX has shown strong short-term momentum, mainly because the market absorbed two pieces of potentially negative news better than expected. 📈 Why did SPCX rise? 1. Strong earnings The post says Q2 revenue was around $7.8B, above expectations. Investors are therefore paying more attention to: Starlink growth Aerospace operations Future AI infrastructure 2. Share unlock didn't cause the expected sell-off Around 900M shares became tradable, which could have created significant selling pressure. Instead, buyers absorbed the additional supply. That's why the author describes it as a “bad news priced in” rally — investors may have already expected the unlock, so the actual event wasn't as damaging as feared. 🎯 Important price levels $120: Short-term support $130–135: Important psychological/IPO-area resistance ~$150: Major resistance from previous holders $180+: Would likely require stronger fundamental catalysts, particularly Starlink commercialization and AI-related growth ⚠️ Main risks The author is still cautious because of: High valuation Huge AI infrastructure spending Future share unlocks Potential pressure on profitability Profit-taking after a sharp rally 📌 Overall meaning The current move looks bullish in the short term, but the author doesn't think a rally automatically means SPCX has entered a long-term uptrend. The key question is whether Starlink + AI + aerospace growth can eventually justify the valuation. So the thesis is basically: $120 holds → $130–135 breakout → $150 becomes the next major test → sustained move above $180 would need stronger fundamental confirmation. One important caveat: the specific SpaceX/SPCX figures and unlock details in this post should be independently verified before making an investment decision.