It's absolutely remarkable that the SEC signed off on this structure, incredible.

"When SpaceX Insiders Can Start Selling Shares After the IPO
SpaceX’s IPO lock-up is not a standard 180‑day restriction. Instead, the company has built in a phased release schedule that lets most insiders sell portions of their shares in the months after listing, with some conditions tied to performance and time milestones Yahoo Finance+1.

Key Early Release Dates
Q2 Earnings Window (~Aug 11, 2026): Up to 20% of eligible locked‑up shares can be sold.

If the stock trades ≥30% above the IPO price on 5 of 10 consecutive trading days before this date, an additional 10% can be released Darrow Wealth Management.

Time‑Based Tranches (70, 90, 105, 120, 135 days post‑IPO): Another 7% of eligible shares unlock at each of these dates Yahoo Finance+1.

Q3 Earnings Window (~Nov 9, 2026): Up to 28% more shares can be sold Darrow Wealth Management.

Lock‑Up Ends (Dec 8, 2026): The remaining shares are fully released Darrow Wealth Management.

Example Cumulative Release
Event Base Release
Max Release (with performance bonus)

Q2 Earnings 20%
30%

Day 70 +7%
+7%

Day 90 +7%
+7%

Day 105 +7%
+7%

Day 120 +7%
+7%

Day 135 +7%
+7%

Q3 Earnings +28%
+28%

Lock‑Up End 100%
100%

Special Cases
Elon Musk is excluded from the accelerated schedule and remains subject to the full 180‑day lock‑up Yahoo Finance+1.

Current employees must also follow company trading policies, which may differ for executives or those with material non‑public information (MNPI) Darrow Wealth Management.

Why This Structure?
SpaceX’s staggered approach:

Reduces the risk of a sudden sell‑off at the 180‑day mark.

Increases the tradeable float sooner, which can help with Nasdaq‑100 “fast entry” eligibility (15 trading days post‑IPO) Yahoo Finance+1.

Balances early insider liquidity with market stability.

Bottom line: Most SpaceX insiders can start selling from August 2026, with more opportunities in October and November, and the full lock‑up lifting in December 2026."

The question is, once the index forced buying is completed over the next 21 days, and retail is filled, WHO< will be the buyers to take out these insiders regardless of the, projections made.