As of 2026-10-22 · 424B4 prospectus schedule
When SpaceX went public, most existing shareholders agreed not to sell for a while. Those shares are being freed up in batches. 7 batches have been freed so far, and 9 more are coming.
The next batch frees up to 328 million shares on Saturday 24 October, so they can be sold from Monday 26 October.
SpaceX priced its IPO at $135 a share on 11 Jun 2026 and first traded on 12 June 2026, selling 638.9 million shares to the public, including the underwriters' extra (greenshoe) shares. The rest were locked in three groups. Most employees and early investors (4.7 billion shares) are freed bit by bit until 8 December. A few big investors (1.8 billion) wait until mid-2027. Elon Musk's 6.42 billion shares stay locked until 12 June 2027.
Freed doesn't mean sold. It just means the owners are allowed to sell if they want to.
All 13.573 billion shares
31.08% free to trade · 65.87% still locked
3.579B shares released (~$570B at the $159.31 close, Wed 21 Oct 2026) · 9.291B shares to go
20% of the 180-day pool.
6.716%
911.5M shares
6.716% unlocked
Q2 results 8-K + 424B4 · Released · 2026-08-06
Did not trigger. Closes 22 Jul–4 Aug were $108.37–$125.33. These shares roll into the 8 Dec release (#10).
3.358%
455.8M shares
6.716% unlocked
424B4 prospectus · Didn't trigger · 2026-08-06
7% step, printed as 319.0M for non-affiliates.
2.350%
319.0M shares
9.066% unlocked
424B4 prospectus · Released · 2026-08-20
7% step, printed as 319.0M for non-affiliates.
2.350%
319.0M shares
11.416% unlocked
424B4 prospectus · Released · 2026-09-09
Affiliate catch-up of the earlier releases. Rule 144 limits still apply.
0.435%
59.1M shares
11.852% unlocked
424B4 prospectus · Released · 2026-09-10
7% step.
2.420%
328.4M shares
14.271% unlocked
424B4 prospectus · Released · 2026-09-24
7% step. Prospectus says up to 328.4M, not 319M.
2.420%
328.4M shares
16.691% unlocked
424B4 prospectus · Released · 2026-10-09
28% of the 180-day pool (28% of 4,691.4M = 1,313.6M). SpaceX confirmed Q3 results for Tue 20 Oct after the close (SpaceX on X, 16 Oct).
9.678%
1.31B shares
26.369% unlocked
424B4 prospectus · Released · 2026-10-22
7% step.
2.420%
328.4M shares
28.788% unlocked
424B4 prospectus · Next · 2026-10-24
Remainder of the 4,691.4M 180-day pool, so #2's 455.8M (did not trigger) is counted once, here. 180-day group fully free after this.
5.776%
784.0M shares
34.565% unlocked
424B4 prospectus · Pending · 2026-12-08
20% of the extended pool.
2.593%
351.9M shares
37.157% unlocked
424B4 prospectus · Pending · date not set
10% of the extended pool.
1.297%
176.0M shares
38.454% unlocked
424B4 prospectus · Pending · 2027-03-18
20% of the extended pool.
2.593%
351.9M shares
41.047% unlocked
424B4 prospectus · Pending · date not set
10% of the extended pool.
1.297%
176.0M shares
42.343% unlocked
424B4 prospectus · Pending · 2027-05-17
20% of the extended pool.
2.593%
351.9M shares
44.936% unlocked
424B4 prospectus · Pending · 2027-06-12
6,418,547,515 Class A-equivalent (Musk 13G, as of 30 Jun), including 350M Class B shares underlying options. Locked 366 days, no early release.
47.290%
6.42B shares
92.226% unlocked
424B4 prospectus · Pending · 2027-06-12
Last 20% of the extended pool.
2.593%
351.9M shares
94.819% unlocked
424B4 prospectus · Pending · date not set
Who's been unlocked: Musk and the 13F names
Musk 0 of 6.42B · named 13F holders 0–2.12B of 3.12B
The rest of the 3.579B released, 1.46B–3.58B, went to holders not on the board (employees, smaller pre-IPO holders). Estimate only.
"Unlocked" means allowed to sell, not sold. Per-holder figures are estimates unless marked prospectus-stated. 13F lines are 30 June snapshots (Valor 11 Sep) and can mix locked pre-IPO shares with never-locked IPO allocations or market buys. Releases are written as a percentage "of the shares" subject to each lock-up period. The prospectus never says "pro rata". Its release terms are written as a percentage of the shares under each lock-up, so we assume each holder's locked shares free up at the same rate. If the 13F lines are right, prospectus math says at least ~963M of the named non-Musk shares are tradable now: the extended pool (~1.76B) is too small to hold them all.
6,418,547,515 13F shares · next: Sat 12 Jun 2027, all shares (first trade Mon 14 Jun)
All 6,418,547,515 of Musk's shares, including 350M Class B option shares, are locked for 366 days with no early release (424B4). The 13F-board count includes those 350M options.
0%
0 unlocked
0% of their stake unlocked
551,189,500 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–418.9M unlocked
0–76% of their stake unlocked (range)
460,624,307 13F shares · next: Sat 24 Oct for any 180-day part; after Q4 2026 results (20%) for the extended part
Gracias is a director, so Valor's shares count as affiliate shares. The prospectus implies the whole affiliate 180-day pool is only ~133.9M (4,691.4M pool minus the 4,557.5M non-affiliate pool, since 911.5M = 20%). So at most ~133.9M of Valor's 503.4M (before the 11 Sep distribution) could be in the 180-day group, and at least ~369.5M must be in the extended group. The 11 Sep in-kind distribution does not prove a release: lock-up terms let funds distribute to LPs if the LPs sign on to the lock-up.
0–22%
0–101.8M unlocked
0–22% of their stake unlocked (range)
427,300,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–324.7M unlocked
0–76% of their stake unlocked (range)
302,600,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–230.0M unlocked
0–76% of their stake unlocked (range)
171,800,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–130.6M unlocked
0–76% of their stake unlocked (range)
154,146,835 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–117.2M unlocked
0–76% of their stake unlocked (range)
145,800,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–110.8M unlocked
0–76% of their stake unlocked (range)
126,000,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–95.8M unlocked
0–76% of their stake unlocked (range)
122,800,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–93.3M unlocked
0–76% of their stake unlocked (range)
122,500,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–93.1M unlocked
0–76% of their stake unlocked (range)
120,800,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–91.8M unlocked
0–76% of their stake unlocked (range)
101,500,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–77.1M unlocked
0–76% of their stake unlocked (range)
74,900,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–56.9M unlocked
0–76% of their stake unlocked (range)
51,400,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–39.1M unlocked
0–76% of their stake unlocked (range)
51,037,137 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–38.8M unlocked
0–76% of their stake unlocked (range)
50,700,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–38.5M unlocked
0–76% of their stake unlocked (range)
19,200,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–14.6M unlocked
0–76% of their stake unlocked (range)
18,600,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–14.1M unlocked
0–76% of their stake unlocked (range)
12,900,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–9.8M unlocked
0–76% of their stake unlocked (range)
9,800,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–7.4M unlocked
0–76% of their stake unlocked (range)
8,000,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–6.1M unlocked
0–76% of their stake unlocked (range)
7,300,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–5.5M unlocked
0–76% of their stake unlocked (range)
3,400,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–2.6M unlocked
0–76% of their stake unlocked (range)
3,309,470 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–2.5M unlocked
0–76% of their stake unlocked (range)
375,000 13F shares · next: Sat 24 Oct (+7%) if 180-day; after Q4 2026 results (20%) if extended
The prospectus does not name extended-group holders. High end assumes all 13F shares are pre-IPO shares in the 180-day group (76% released). Any IPO allocation or post-IPO market buy in the 30 Jun line was never locked.
0–76%
0–0.3M unlocked
0–76% of their stake unlocked (range)
Per-holder terms: 20% (6 Aug) + 7% (20 Aug) + 7% (9 Sep) + 7% (24 Sep) + 7% (9 Oct) + 28% (22 Oct, 2nd full trading day after Q3) = 76%. The #2 10% price trigger failed. The printed aggregate, 3,579.0M of 4,691.4M = 76.29%, runs slightly higher because the 59.1M affiliate catch-up on 10 Sep was printed assuming the 10% trigger. This is released-of-the-180-day-pool; the share of ALL 13.573B shares free to trade is the 31% on /float and the headline above.
Prospectus math: 911.5M = 20% of the non-affiliate 180-day pool, so that pool is ~4557.5M. The whole 180-day pool is 4,691.4M, which leaves ~133.9M for affiliates (directors, officers and their funds). The extended group (not named) is ~1.76B. Everything outstanding before the IPO is in one of the three groups. Shares bought in the IPO, or later on the market, were never locked.
“For those shares subject to the 180-day lock-up period, there are automatic early releases ... up to 20% of the shares may be Transferred ... up to an additional 7% of the shares may be Transferred on or after each of August 20, 2026, September 9, 2026, September 24, 2026, October 9, 2026, October 24, 2026 ... on or after December 8, 2026 ... all of the shares may be Transferred.” (424B4, Underwriting – Lock-up Agreements, p. 273)
“Several of our shareholders have agreed with the underwriters that certain shares of our common stock owned by them are subject to the restrictions described above until ... the quarter ended June 30, 2027 (such period of time, the "extended lock-up period") ...” (424B4, p. 272 (holders not named))
“Our founder has agreed with the underwriters that all of the shares of our common stock owned by him are subject to the restrictions described above until immediately after the close of the trading day on the 366th day ... Our founder's shares are not subject to any early release provisions during the lock-up period.” (424B4, p. 272)
“All other outstanding shares of our common stock are subject to the Transfer restrictions described above until immediately after the close of the trading day on the 180th day ...” (424B4, p. 273)
“These restrictions do not apply to: (a) the shares sold in this offering ...” (424B4, p. 269. IPO shares are not locked)
“If purchased by these persons, these shares will not be subject to a lock-up restriction.” (424B4, Directed Share Program, p. 274)
Every percentage is of all 13.573 billion SpaceX shares. 13,572,821,625 shares is our own sum: 13,181,779,945 from the 10-Q cover (as of 28 Jul 2026) plus 391,041,680 Class A issued in the Cursor merger (8-K, 14 Aug 2026). It is not a company-reported total. It will be replaced by the Q3 10-Q count in November.
The running column counts lock-up releases only, in date order, and skips #2 because it did not trigger. Add the IPO float (4.707%) for everything that is free to trade. After the last release the running total is 94.82%.
#2 needed SPCX at or above $175.50 on 5 of the 10 trading days before Q2 results. Closes were $108–$125, so it did not trigger and those 455.8M shares roll into 8 Dec. The Q3 2026, Q4 2026, Q1 2027 and Q2 2027 earnings-dated tranches have no date yet.
Musk's line in the schedule is 6.42B shares, but 350M of those are options he hasn't exercised, so they aren't part of the 13.573B. His share of today's shares is 44.7%. The 391M shares issued for the Cursor deal (2.9%) aren't in the IPO lock-up schedule, and we couldn't confirm whether they can be sold yet, so they're shown on their own. Rounding / other (0.172%) is what's left from the printed "up to" figures.
Goldman Sachs, for the underwriters, can waive the lock-up early at any time. No waiver or early-release filing found in EDGAR through 30 Sep 2026, or in the news or on X. Affiliates are still limited by Rule 144 after their release.
Motley Fool and @MaisaCorp said ~319M shares unlocked on 9 Oct. The prospectus says up to 328.4M. post
@growthrapidly (4 Oct) said "more than 2.3 billion shares" unlocked since August. By 4 Oct it was ~1.94B. It only reached ~2.27B after 9 Oct. post
SpaceX final prospectus (424B4) · Shares Eligible for Future Sale pp. 259–261; Underwriting – Lock-up Agreements pp. 269–273
SpaceX Q2 2026 earnings 8-K (4 Aug 2026) · Sets the first earnings release date
SpaceX 10-Q, Q2 2026 (cover share count) · 13,181,779,945 shares as of 28 Jul 2026
Cursor merger 8-K (14 Aug 2026) · 391,041,680 Class A issued
Updated 2026-10-10. 2606 people · 2927 views. Dollar value at the $159.31 close on Wed 21 Oct 2026. Not financial advice.