SpaceX IPO Insider Shares to Unlock in Phases, Musk's Lock-Up Period is the Longest The SpaceX IPO prospectus reveals that insider shares will unlock in stages, rather than the traditional uniform 6-month lock-up period. Timeline: - Up to 20% unlocks after the Q2 2026 earnings report; - An additional 10% unlocks if the stock price stays 30% above the IPO price for 5 consecutive trading days; - 7% unlocks on the 70th, 90th, 105th, 120th, and 135th days post-IPO; - Another 28% unlocks after the Q3 2026 earnings report; - The remaining shares fully unlock 180 days later. Musk is not included in the early unlock provisions, and his lock-up period is longer. This step-by-step design theoretically spreads out selling pressure on the stock price compared to a concentrated unlock.