Updated
Updated · Fortune · Jul 3
Musk’s 6.4 Billion SpaceX Shares Unlock After 366 Days as 95% Stake Faces Staggered Sales
Updated
Updated · Fortune · Jul 3

Musk’s 6.4 Billion SpaceX Shares Unlock After 366 Days as 95% Stake Faces Staggered Sales

3 articles · Updated · Fortune · Jul 3

Summary

  • Elon Musk’s entire 6.4 billion-share SpaceX stake becomes sellable in one shot after 366 days, unlike other holders whose stock unlocks in multiple tranches.
  • About 12.5 billion shares—roughly 95% of SpaceX’s stock—sit behind one of the market’s most complex lock-up schedules, with 15 release dates designed to avoid a sudden flood of selling.
  • Experts said the structure aims to protect a stock that jumped from a $135 IPO price to as high as $226 and now trades near $162, valuing SpaceX at about $2.61 trillion.
  • Musk’s lock-up has no early-release provisions, but analysts said he may not sell at all, noting his history of holding Tesla shares and using stock as collateral instead of cashing out.
  • The arrangement gives SpaceX a year of insider-selling stability, then leaves investors watching for a potentially outsized market event when Musk’s stake finally unlocks.

Insights

Will SpaceX’s intricate lock-up plan prevent a stock crash, or just postpone it?
How can SpaceX be worth $2.6 trillion while losing billions of dollars?
Did Nasdaq's rule change for SpaceX put retirement funds at risk?