Elon Musk can’t sell a single SpaceX share for a year—and then all the locks crack open at once

SpaceX’s IPO raised about $86 billion while selling only 4–5% of its stock, valuing the company around $2.6 trillion.
Insider shares are subject to one of the most convoluted lock-up schedules ever — 15 staggered sell dates (some tied to earnings or price targets) to avoid a market glut.
Elon Musk retains supervoting control and can’t sell for 366 days when his stake would all unlock at once — a potential market shock, though experts expect he’ll likely hold or use stock for acquisitions.