SpaceX Introduces Staggered Lock-Up Release in IPO Plan to Smooth Post-Listing Trading and Reward Performance - Tekedia

SpaceX disclosed an IPO lock-up plan that releases shares in stages, tied to earnings milestones and stock-price targets.

The structure is designed to avoid a sudden post-listing share overhang and may help reduce volatility.

Elon Musk and other major investors would remain locked up for 366 days, longer than the standard six-month U.S. lock-up.

Selected shareholders could gain earlier liquidity if performance thresholds are met, marking a notable departure from typical IPO terms.