SpaceX Soars Ahead with Stock Split Approval

SpaceX shareholders have approved a 5-for-1 stock split, adjusting the fair market value per share from $526.59 to about $105.32. The decision comes as SpaceX prepares for an IPO. The report was covered by Bloomberg News, but Reuters could not immediately verify it.

The majority of SpaceX shareholders have given the green light to a 5-for-1 stock split, according to Bloomberg News, which cited individuals familiar with the situation.

Shareholders of SpaceX, which is preparing for an initial public offering (IPO), received emails indicating that the fair market value per share was adjusted from $526.59 to approximately $105.32 following the stock split.

Reuters attempted to confirm the report but received no immediate comment from SpaceX outside of regular business hours.