PART 52 / 63 spaceX招股书

分红政策补充 + 定向增发计划

ENGLISH · ORIGINAL

Directed share program .......................................... At our request, the underwriters have reserved five percent of the shares of Class A common stock to be issued by the Company and offered by this prospectus for sale, at the initial public offering price, to certain employees and persons selected based on the discretion of our executive officers. If purchased by these persons, these shares of Class A common stock will not be subject to a lock-up restriction. The number of shares of Class A common stock available for sale to the general public will not be subject to a lock-up restriction. The number of shares of Class A common stock available for sale to the general public will be reduced to the extent these individuals purchase such reserved shares of Class A common stock. Any reserved shares of Class A common stock that are not so purchased will be offered by the underwriters to the general public on the same basis as the other shares of Class A common stock offered by this prospectus. Please refer to "Underwriting—Directed Share Program." Controlled company ............................................... Upon completion of this offering, Mr. Musk will beneficially own a majority of the voting power of our common stock and the Class B common stock, which elects a majority of the board. As a result, we expect to be a "controlled company" within the meaning of the Nasdaq and Nasdaq Texas corporate governance standards, and intend to rely on exemptions from certain of the corporate governance listing requirements. Please refer to "Management—Controlled Company Exemption" and "Certain Relationships and Related Person Transactions."

中文翻译

分红政策补充 + 定向增发计划

定向增发计划（Directed share program）

• 应我们的要求——承销商已经预留了——占公司本次发行的 A 类普通股 5%——按首次公开发行价格——定向发售给"由我们高管自行决定的某些员工和特定人选"。

• 如果这些定向对象购买了——这些 A 类普通股——不受"锁定期"限制。

• "可向普通公众发售"的 A 类普通股数量——会按这些定向对象实际购买的数量等额减少。

• 任何"定向对象没买完"的预留股票——承销商会按和其他 A 类普通股一样的条件——向普通公众发售。

请参阅招股书其他章节的**"承销—定向增发计划"（Underwriting—Directed Share Program）**。

被控股公司（Controlled company）

• 本次发行完成后——Musk 将实际拥有——

• 我们普通股投票权的多数；

• 以及 B 类普通股的多数——B 类普通股可以选出董事会多数。

• 因此——我们预期自己——根据 Nasdaq 和 Nasdaq Texas 的公司治理标准——会成为一家"被控股公司"——并打算援引"对某些公司治理上市要求的豁免"。

请参阅招股书其他章节的**"管理层—被控股公司豁免"（Management—Controlled Company Exemption）和"某些关系和关联交易"（Certain Relationships and Related Person Transactions）**。

📝 翻译者注

• "定向增发（directed share program）"：也叫"亲友股（friends and family program）"——IPO 时专门**给员工、合作伙伴、亲友"留 5%"**按发行价购买——好处是让"长期支持者"也能参与；坏处是普通公众能买到的份额被等额挤压。

• "锁定期（lock-up）"：IPO 后对内部人士（高管、董事、大股东、5% 股东等）通常有 90-180 天的"卖股禁令"——避免发行后立刻砸盘。定向对象不受 lock-up——意味着这 5% 在发行后第一天就可以卖。

🏛️ 资本市场信息