SpaceX (SPCX) precise circulating stock data. After reading it, you should understand that the Rockets are a highly volatile ticket. They have been running for 215 and have not entered yet. Keep waiting. 1. Total share capital Class A (publicly traded)+Class B (Musk Holdings, 10 voting rights) totaling 13.076 billion shares 2. Initial freely tradable shares upon listing (can be traded on the first day) Benchmark (green shoes not fully exercised) Current shares: 555.56 million shares Circulation proportion: 4.25%, commonly referred to as 4% circulation disk in the market Current market value: 75 billion US dollars, total company valuation of 1.77 trillion US dollars The green shoes will be fully exercised (the underwriters will use up all the excess allocation) Current shares: 638.89 million shares Circulation proportion: 4.86% (approximately 4.9%) Current market value: 86.25 billion US dollars 3. How many circulating chips do individual investors receive? In this IPO, 30% of the newly issued shares are reserved for retail investors Retail investors can buy shares ≈ 1.3% of the total share capital, and institutions take away the remaining outstanding shares, resulting in fewer actual tradable chips for retail investors. 4. Why can't the remaining 95% of the shares be traded? 1. Musk+core management B-class stocks: all locked up for 366 days, completely unsold for a whole year, accounting for nearly 60% of the total share capital; 2. Early VCs, employees, and old shareholders: phased unlocking, not one-time release: Unlock 20% after the second quarter report, and unlock an additional 10% if the stock price exceeds the issue price by 30%; Subsequent 70/90/105/120/135 days will be released in small batches; After being listed for 180 days, the remaining chips will be released on a large scale. There won't be huge selling pressure in the first half of the year before going public, but each round of unlocking window will bring about stock price suppression