In an amended prospectus filed Monday, SpaceX said it will reserve up to 5% of
Class A common stock in its IPO for certain employees and for friends and family
of company executives. The filing said participants on a designated
friends-and-family list will not be subject to the lock-up; more than 60% of
pre-IPO issued shares will be subject to a 366-day lock-up, including shares
held by Musk, and Musk has agreed to the 366-day lock-up.
