SpaceX sets aside 5% of IPO shares, relaxes lock-up rules

SpaceX has reserved 5% of shares in its IPO for employees and individuals selected by executives, exempt from post-listing lock-up restrictions. The shares will be offered at IPO price through a directed share programme, with any unpurchased shares sold to the public. While most companies impose six-month IPO lock-ups, SpaceX will allow phased release of restricted shares tied to performance.