Just-In: Elon Musk’s SpaceX Reserves 5% of Shares For Insiders In New IPO Filing

Elon Musk’s SpaceX has revealed it will allot a small number of the proceeds from its initial public offering to insiders. These include certain employees and other officials selected by the company’s top management.

SpaceX Reserves 5% IPO Shares Allocation For Internal Members

The aerospace firm filed an amended Form S-1 for its IPO on Monday, June 1. In the filing, it indicated that it may use a directed share program to allocate up to 5% of its common shares. It follows the hype around the Elon Musk-led firm’s IPO Binance’s launch of pre-IPO SpaceX perps.

Under the program, participants would be able to sell their shares with no lockup restrictions. It will be in effect for many existing shareholders after the public listing.

One of the key differences with these appointed investors is that they’re different from the existing shareholders. The company said that post-IPO, more than 60% of SpaceX’s pre-offering shares will be held under extended lockup terms. This means they will be restricted from selling for a period of time after the sale.

JUST IN: SpaceX to reserve 5% of IPO shares for insiders

— Kalshi (@Kalshi) June 1, 2026

Elon Musk, the founder and CEO of SpaceX, is among the people impacted by the restrictions. According to the company’s filing, the shares in the company will be restricted for 366 days after the final prospectus is filed. It means that any sale of his holdings won’t be liquidated for about a year after the offering.

Meanwhile, SpaceX-backed Anthropic has also filed for an IPO confidentially.

About The IPO Shares Program

There are also share programs that are directed to people who are close to the company, such as executive employees, personal contacts, etc. This type of share program is frequently used during IPOs. However, users of SpaceX’s program won’t be subject to the same restrictions on resale that many other shareholders are exposed to, per the company’s filing.

The new addition also is the first time SpaceX has designated the amount of the allocation. In the original IPO papers, the special share program had been mentioned and it was suggested that some of the participants in the program might be exempted from lockup periods. But it hadn’t been stated how much stock would be available.

Last month, SpaceX first registered its public offering, which calls for the listing of its Class A common stock. The company is valued as high as $1.8 trillion as it is preparing to go public. At the time, it disclosed $1.45 billion worth of Bitcoin on its balance sheet.

For those looking for crypto-backed borrowing, visit our page on Crypto Loan Platforms.