Elon Musk Can’t Sell SpaceX Shares for a Year But Others Can Dump on Day 1

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BeInCrypto Editorial

(05:51 AM UTC)

1 min read

Reviewed byDavid Kim

SpaceX is listed on Nasdaq on Thursday, June 11, at $135 a share, the largest IPO in history. Elon Musk cannot sell a single share for a year, but the investors his team personally selected to participate in the offering can sell immediately.

SpaceX reserved 5 per cent of the offering for a direct share program (DSP), with participants chosen “at the discretion of executive officers,” who carry…

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