SpaceX sets aside up to 5% of shares in IPO for employees and friends
The launch tower at the SpaceX Launch Complex on launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, USA, April 6, 2026.
Brendan McDermid | Reuters
SpaceX has reserved up to 5% of the shares sold in its IPO to be purchased by “certain employees and individuals” under a direct share program. amended filing It came out on Monday.
After valuing SpaceX at $1.25 trillion earlier this year when Musk merged the company with his artificial intelligence startup xAI, this offer is expected to bring a record amount of around $75 billion. Just two technology companies (Facebook and Alibaba) reached $100 billion in value after their first day of trading on US exchanges.
Through direct sharing programs, companies can dedicate a portion of their offers to their employees, customers, and even friends. SpaceX said in its filing that participants “will be selected at the discretion of our directors” and that shares will not be subject to lock-up restrictions.
This provision allows certain individuals to enjoy the kinds of benefits accrued by big money managers who often have close relationships with IPO underwriters.
Companies involved Airbnb, Uber And rivya They included direct sharing programs in their offerings. And when Musk leads Tesla’s During its IPO process in 2010, the electric vehicle maker included up to 1.28 million shares of the 13.3 million shares it sold in the IPO for “sales to business partners, executives, employees, and friends and family members of our employees, and to Tesla customers who took delivery of a Tesla Roadster from Tesla.” prospectus.
SpaceX’s promotional tour could begin this week, and the company could potentially debut on Nasdaq on June 12. Goldman Sachs eyed the leading position on the left for bidding and then followed suit. Morgan Stanley. However, the prospectus states that Morgan Stanley directly manages the equity program.
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