Space Exploration Technologies Corp. (NASDAQ: SPCX) went public on June 12, ultimately selling 638.9 million shares at $135 through its initial public offering (IPO), raising a record-setting $85.7 billion in the process. Chief Executive Officer Elon Musk, who owns more than 6 billion in combined Class A and Class B shares -- about 42% of the company by value -- agreed to a 366-day lock-up of his stake. That means he can't sell any shares until June 12, 2027.
This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.
Continue » He's not the only one, however. Early investors and SpaceX employees are also temporarily barred from selling their shares. But they don't have to wait a year to do so.
During the next year, nearly 6 billion additional shares will become available for sale through staggered lock-up releases before Musk gets his chance to sell. Let's take a look at that schedule and what it means for SpaceX investors. The first release has actually already happened.
On Aug 6, just shy of 912 million shares were unlocked, more than doubling the shares available for sale. And during the next year, SpaceX employees and investors will have the chance to sell more of their stakes. Here's the schedule: Two full trading days after Q3 2026 results Applies to extended-lockup holders excluding Musk Musk's equivalent Class A shares, with no automatic early release So, by spring of next year, there will be about 10 times as many shares eligible for sale as were sold in the IPO.
And by mid-June, when Musk is finally able to sell his shares, 20 times as many will be eligible as at the IPO. I want to make this clear: eligible does not mean sold. Although these unlocks could flood the market with newly released shares, there's no guarantee that will happen.
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