SpaceX reserves 5% of IPO shares for employees and insiders; targets $1.8 trillion valuation

SpaceX disclosed in an amended IPO filing that it will reserve up to 5% of Class A shares for certain employees and friends and family of executive officers, with participants exempted from lock-up restrictions that apply to more than 60% of other pre-IPO shareholders, which face a 366-day lock-up period.

SpaceX agreed to provide Anthropic with artificial intelligence computing capacity including about 325,000 Nvidia chips at $1.25 billion per month through May 2029, with either party able to terminate after an initial three-month period with 90 days' notice.

SpaceX is targeting a valuation of at least $1.8 trillion in the IPO, according to Bloomberg News.