A single new sentence in SpaceX’s amended IPO filing could signal the biggest merger in history
On June 1, SpaceX issued an amended registration statement for its upcoming IPO that contains a couple of noteworthy additions to the original filing submitted two weeks earlier. In one new provision, the rocket and AI giant announced that it will reserve 5% of the offering’s shares for “certain employees and persons… which may include parties with whom we have business relationships and friends and families of our executive officers.” The document adds that these grants “will not be subject to a lockup restriction.” In other words, the folks who receive these allocations, unlike Elon Musk and top execs who can’t sell for around a year, are free to unload their holdings any time after SpaceX’s debut, slated for mid-June.
