[SpaceX's stock is falling to new lows](https://www.marketwatch.com/story/spacexs-stock-falls-to-a-new-low-despite-a-near-flawless-starship-flight-034a99ab?mod=mw_rss_topstories) despite a near-perfect Starship flight — and the headline treats it like a mystery. It isn't. The real forensic signal is that earnings reports unlock insider lockup windows, forcing executives to liquidate. A flawless engineering feat doesn't matter if the cap table is about to flood the float with supply.