🔴 SPACE X is trading 3.33% down today after 319 million shares became eligible for trading

SPACE X is trading 3.33% down now at BRL 46.40 after approximately 319 million shares became eligible for trading, increasing potential selling pressure from early investors.

• CNBC previously reported another 319 million shares could unlock August 20, following initial release of 911 million shares.
• Broader pressure from rising Treasury yields and weaker technology sentiment adds to decline; 30-year yield hit 5.217% on August 20.
• Launch of 29 Starlink satellites was positive but did not offset supply overhang.