SpaceX sets aside up to 5% of shares in IPO for certain employees and friends
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- SpaceX set aside up to 5% of IPO shares for selected employees, friends, and customers via a direct share program, and those shares will not be subject to lock‑up restrictions.
- SpaceX's IPO is expected to raise roughly $75 billion, valuing the company at about $1.25 trillion.
- Morgan Stanley will administer the direct share program for the IPO.
- Goldman Sachs is slated to serve as the lead left under for the offering.
- SpaceX's lease to Anthropic for compute capacity (≈325,000 NVIDIA GPUs) includes a $1.25 billion per month fee through May 2029 and can be ended by either party with 90 days’ notice.
Why it matters: Insiders gain a rare IPO stake and liquidity, while investors see a $75 billion float and a $1.25 billion‑a‑month AI revenue stream that could vanish on 90‑day notice, reshaping SpaceX’s cash outlook.
