Soros’ reflexivity showing up clearly in SpaceX (SPCX) right now

Soros’ reflexivity theory is playing out pretty cleanly with SpaceX stock. Everyone has been bracing for the lockup unlocks and assuming “it has to drop hard when the shares come free.” That shared expectation itself shifted the price path ahead of time. By the time the actual unlocks hit, a lot of the selling pressure had already been priced in, so the damage wasn’t as severe as people originally feared. You keep hearing the same line: “Once it unlocks it’ll crash through 100 real quick, then I can scoop it up around 90.” When enough people are thinking exactly that, the risk stops being a pure future event. It becomes something the market has already started reacting to. Expectations don’t just forecast the future, they help create it!