This year, three trillion-dollar companies are going public in the US stock market: SpaceX OpenAI Anthropic These three are massive liquidity vacuums because, historically, the US stock market has never seen companies with such high valuations go public (existing high valuations were achieved through growth). Also, the rule in the US stock market is that IPOs unlock immediately, and major shareholders don’t have a lock-up period. That’s why the turnover rate for many stocks can exceed 100% on their first day of trading.