SpaceX insiders will be able to sell shares well before the standard 180-day IPO lock-up period expires, with periodic waves of selling beginning in less than two months. While Elon Musk and other insiders controlling a majority of shares have committed to a 366-day lock-up, other insiders including employees can sell up to 20% of their holdings after the company reports second-quarter earnings, likely in August. Additional tranches of up to 7% each become available on the 70th, 90th, 105th, 120th, and 135th days post-IPO, totaling 55% of shares not subject to the year-long lock-up, with another 28% releasable after third-quarter earnings, bringing the total to 83% of those shares. SpaceX stock debuted at $150 on June 12 and after early volatility has returned near that level, trading around $156.
Space Exploration Technologies Corp. Class A Common StockLock-up terms allow early insider selling, which could increase supply and pressure stock, but majority holders committed to longer lock-up; stock near IPO price.