SPACEX RESERVES 5% OF IPO SHARES FOR INSIDERS SpaceX will allocate up to 5% of its IPO shares to employees and executives’ friends and family, according to an updated filing. Unlike most IPO investors, participants won’t face lock-up restrictions. Meanwhile, over 60% of shares—including Elon Musk’s—will remain locked after listing. The company is targeting a valuation of at least $1.8 trillion, with earlier estimates above $2 trillion.(*Walter Bloomberg)