SpaceX has reserved up to 5% of its upcoming IPO shares for employees and friends of executives, with strict lock-in rules covering most stock including Elon Musks holdings. The filing also highlights Nvidia chip-powered AI compute deals, water scarcity risks, and valuation targets between $1.8 trillion and over $2 trillion.

Elon Musk’s AI and rockets company will launch on the stock market on 12 June

More than 60% of shares outstanding immediately prior to the offering remain subject to an extended lock-up period...