SpaceX Updates IPO Prospectus, Discloses '5% Special Allocation' and Share Dilution Risks

One of the Largest IPOs in History Imminent

On June 1, American aerospace company SpaceX submitted an amended prospectus (Form S-1/A) to the Securities and Exchange Commission (SEC), in preparation for its upcoming Initial Public Offering (IPO) on the NASDAQ market scheduled for June 12. This filing disclosed the company's plan to reserve up to 5% of its issued common stock as a priority allocation for certain employees and relatives and friends of the management team.

In May, the company allocated the 'friends and family allocation'...