SpaceX plans to reserve up to 5% of its shares for employees and friends to purchase in its IPO.

SpaceX disclosed in updated documents that the company will reserve up to 5% of shares for some employees and executives' friends and family to subscribe to in the upcoming initial public offering. The documents show that these Class A shares will be reserved through a directed share program. SpaceX had previously disclosed last month that participants on the "friends and family list" would not be subject to lock-up restrictions. Directed share programs are common in IPOs, but participants are usually subject to lock-up restrictions and cannot sell their shares in the short term. SpaceX stated in the documents that over 60% of the issued shares before the IPO would be subject to extended lock-up restrictions, including shares held by founder and CEO Musk. The updated documents also revealed an agreement between SpaceX and Anthropic PBC regarding the provision of artificial intelligence computing power, involving approximately 325,000 Nvidia chips. According to the agreement, Anthropic must pay $1.25 billion per month for the related computing services, with the contract valid until May 2029. After the initial three months, either party can terminate the agreement with a 90-day notice. Regarding risk factors, SpaceX stated that some clients of the computing services may rely on external financing to fulfill payment obligations.