SpaceX will allow some shareholders to sell shares before the usual six-month period after listing, using a gradual unlocking system.

SpaceX, Elon Musk's company, intends to allow a significant portion of its shareholders to sell shares before the standard six-month period expires after the IPO.

According to a document reviewed by Reuters, the company will implement a gradual unlocking system for shares, depending on the firm's performance and stock prices. This measure represents a deviation from the classic 180-day 'lock-up' rule, designed to avoid pressure on the stock price.

SpaceX is targeting a valuation of approximately $1.750 trillion, which could make it one of the most valuable publicly listed companies in the world.

According to the plan, certain categories of shareholders will be able to start selling shares immediately after the publication of the first post-IPO financial results, and up to 20% of the restricted shares could be sold after the financial report for the second quarter. Musk has accepted a longer restriction period of 366 days before being able to sell shares. This approach has been previously used by companies like Airbnb and DoorDash to reduce market shocks.