Here's what the $SPCX
unlock schedule looks like for the 95% of the shares that are currently frozen:

IPO (June 12, 2026): Only ~4–5% public float initially available.

First major unlock (~Aug 11, after Q2 earnings): Up to 20% of eligible locked shares.

Rolling 7% releases every ~15 days from late August through late October.

Biggest single tranche (~Nov 9, after Q3 earnings): +28%.

Full unlock for eligible shares by ~December 9, 2026 (180 days post-IPO).

Performance bonus: An extra +10% (total 30% after Q2) is possible if the stock stays ≥30% above the $135 IPO price.

ElonMusk & certain major investors: Separate 366-day lockup (unlocks around mid-June 2027). They do not get any of the early releases shown above.