Markets· August 16, 2026 at 07:20 p.m.
SpaceX IPO: Elon Musk and Other Investors Face Staggered Share Unlocks Through 2027
Key takeaways
- SpaceX IPO raised $85.7 billion
- Elon Musk can't sell shares until June 2027
- 6 billion additional shares will be unlocked before then
Space Exploration Technologies Corp. (NASDAQ: SPCX) went public on June 12, raising a record-setting $85.7 billion through an initial public offering (IPO). CEO Elon Musk, who owns over 6 billion combined Class A and Class B shares, agreed to a 366-day lock-up period, meaning he can't sell any shares until June 12, 2027. However, nearly 6 billion additional shares will become available for sale through staggered lock-up releases before Musk's turn. The first release occurred on Aug 6, with over 912 million shares unlocked.
