SpaceX stock rose on Monday to reclaim an important milestone: its $135 IPO price.

The stock jumped back above that threshold on Monday, rising to close 4% higher at $138.74 after struggling to mount a decisive gain early in the session. Shares are up more than 25% in August, and a 15% rally on Friday helped erase weeks of losses that hit the stock in July. Shares had dropped below the IPO price for the first time on July 15.

Traders had been fretting over a potentially bearish development last Thursday, with the expiration of the first lockup period allowing insiders and early investors to sell over 911 million shares.

The fear was short-lived, however, and hasn’t produced massive selling yet….