<div id="readability-page-1">SpaceX (SPCX) shares have fallen about 28% from their post-IPO closing peak above $200, prompting veteran investor George Noble to renew his bearish stance and warn that the stock faces a wave of insider selling in the months ahead. &#34;The largest IPO in history is also shaping up to be the largest exit liquidity operation in history,&#34; Noble wrote Sa...</div>

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<p>Veteran investor George Noble has renewed his bearish stance on SpaceX (SPCX), warning that the stock faces significant insider selling. Noble argues that the company's massive IPO is effectively an 'exit liquidity operation' designed to separate retail investors from their money, citing a 28% drop in share price from its post-IPO peak above $200.</p>

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SpaceX 'built to separate retail investors from their money' - George Noble