SpaceX's lock-up periods are seriously overwhelming—SpaceX has adopted a rare '15-stage unlocking' approach. Musk, who holds significant equity and controls 85.1% of voting rights, along with some major investors, has committed to a 366-day lock-up period. The first lock-up period starts 70 days after the IPO, which is August 21. After the Q2 earnings report, eligible insiders can release up to 20% of their shares. If the stock price stays 30% above the IPO price for a certain period, an additional 10% can be unlocked early. Then, shares will be released in batches of 7% on days 70, 90, 105, 120, and 135 post-IPO. Additionally, 5% of shares are reserved for specific employees, exempting them from some restrictions.