SpaceX private stock reportedly drops 11% on lockup and spending worries

This is about SpaceX's private company shares, not a cryptocurrency. A 'lockup expiration' means employees or early investors who were restricted from selling stock can now sell, which can push the price down if many sell at once. Investors are also worried SpaceX is spending heavily on rockets and satellites, which could squeeze profits short term.

This isn't a crypto story, so unless you're holding SpaceX shares directly, it has no real connection to your crypto holdings.

Nothing to do here on the crypto side. If you happen to hold SpaceX stock or related instruments, that's a separate conversation from your crypto portfolio.