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Deep Tide TechFlow News, June 1st, SpaceX explicitly stated for the first time in the updated prospectus that it plans to reserve up to 5% of Class A common shares for subscription by some employees and company executives' friends and family in the upcoming IPO.
SpaceX previously disclosed that participants listed on the "friends and family list" will not be subject to lock-up restrictions. At the same time, more than 60% of the shares issued before the IPO will be subject to a 366-day lock-up period, including Elon Musk's holdings, who has also agreed to this arrangement.