The 366-Day Horizon: Inside SpaceX's Synthetic Float

SpaceX engineered a staggered, multi-trigger lock-up schedule instead of a standard 180-day cliff to avoid a supply shock on its historic $75B IPO. Musk's ~6.4B shares carry zero early release for 366 days. Meanwhile the xAI merger and a pending $60B option to acquire Cursor mean $SPCX no longer fits a single valuation multiple.