$SPCX Brothers with chips, attention please, the company has no profits, the Federal Reserve is hawkish, and in August there will be unlocking pressure. Over the past few years, there have been no dividends, and retail investors will only have a chance to break even after several years. Institutions definitely won't hold shares without moving; they will lock their money here. Institutions will definitely take the first move to recover costs; they value cash flow the most. The group of institutions they previously invested in, the chips are priced very cheaply, the Nasdaq index is rising, SpaceX is falling, and the money has gone to buy other assets, and there’s also OpenAI later... Several such IPOs, they won't come back in the short term, and the price here keeps falling. They made money from other IPOs, and retail investors see those IPOs making money, so they still have to run, and run at very low prices!