SpaceX to Reserve Up to 5% of IPO Shares for Insiders, Target Valuation at Least $1.8 Trillion

SpaceX plans to set aside part of its initial public offering for employees and related parties, with the company targeting a valuation of at least $1.8 trillion.

Walter Bloomberg, a financial news account on X, reported on June 1 that an updated SpaceX filing showed the company may allocate as much as 5% of IPO shares to employees and to friends and family of executives.

Investors receiving those shares would not be subject to the lockup restrictions that typically apply to IPO buyers. More than 60% of total shares, however, including stock owned by Chief Executive Officer Elon Musk, would remain under lockup after the listing.

SpaceX is aiming for a valuation of at least $1.8 trillion in the IPO. The market had previously suggested the company could be valued at more than $2 trillion.

The SpaceX IPO is being closely watched as a major event that could influence investment themes tied to aerospace, artificial intelligence and private infrastructure. Investors are also focused on how reserving part of the offering for insiders and related parties could affect access to the deal and the amount of stock available for trading.