According to an amendment to SpaceX's S-1 filing, Elon Musk has reached an agreement with underwriters to accept a lock-up period of 366 days.
Without prior written consent from Goldman Sachs, he is prohibited from selling any of his shares.
SpaceX also stated that it will reserve up to 5% of the IPO's Class A common stock for subscription by select employees and individuals designated by company executives.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.