For SpaceX, 2.0× the current float becomes eligible for sale very soon. The listed float is roughly 4.2% of the company's 13.11B total shares outstanding. 95% of the company's equity is tightly locked up by insiders, management, and early investors. The lockup is staggered rather than a single 180-day cliff. - First cliff: 20% of eligible shares can be sold after Q2 earnings are released (earnings calls in Aug 4); - Staggered time-based releases (5 in total): up to 7% additional shares can be released at each of the 5 post-IPO timeframes (70, 90, 105, 120, and 135 days);(BloFin Research)