“SpaceX fell 4.05% to rank sixth, with turnover of $15.87 billion. According to Sina Finance, another batch of about 319 million shares held by early employees and investors came out of lockup and entered circulation, pulling the stock back to around its $135 IPO price.” means that SpaceX’s share price dropped 4.05% during the trading session and it was the sixth most actively traded stock, with $15.87 billion worth of shares changing hands.

The reported reason is that roughly 319 million shares previously restricted by a post-IPO lockup became eligible to be sold. Early employees and investors may now sell those shares on the market, increasing the available supply. When supply rises—especially if some holders sell—this can put downward pressure on the share price. As a result, the stock reportedly moved back toward its initial public offering price of about $135 per share.#AnthropicIPOtoRivalSpaceXRecord