Regarding the lockup rules for SpaceX, after reviewing the information, I wanted to break it down simply:
It’s not the traditional way of "after 180 days from listing, the lockup is released all at once"; instead, it's divided into several stages.
Step one, we need to wait for the first quarterly report post-listing, and some of the early employees and investors might sell a small portion of their shares, with a maximum cap of about 20%.
Step two, if the stock performs really strong after listing, say it rises about 30% from the offering price, an additional portion, around 10%, might be released.
As for the remaining shares, the lockup will continue to be released over time, not all at once.
Elon Musk himself has longer restrictions, roughly a full year.
After the actual listing, the report points, the stock price spikes, and the staggered lockup releases could all be short-term volatility points.
Please stay tuned
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